In case if you haven't heard about them, the analog computers were unlike the digital computers. They were the electrical models assmebled to simulate the other real-world events. For example, if you wanted to model a car suspension, you'd have an oscillator circuit to simulate a spring, and a resistor to simulate a shock absorber. They were purpose-assembled for every specific application.
Well, now we have another thing that purports to simulate the real-world systems: the units in the neural networks that are supposed to be like the real neurons. The race to cram more "neurons" into the neural networks has led to the values in the "neurons" to be represented as very short 8-bit fixed-point numbers. And the models still work. Which means that the "neurons" are quite well at tolerating the small imprecisions in the data, which is the typical issue with the analog signals. But in return the analog signals are much more resistant to large disruptions: i.e. if you change one single highest bit in a digital representation of a number, this small disruption changes the value of a number by half its whole range, something that doesn't happen with the analog signals. There already are ideas of improving the reliability of computations by making them more resistant to large errors by accepting the small errors (I think I've read about them in IEEE's Spectrum).
So, the next logical step: why not make each "neuron" in a neural network an analog machine? Instead of 8 bits, have one analog signal, and do all the multiplication and addition on the analog signals. It looks like the perfect match, a combination of these two ideas. Has anyone already done that? If not, why not? Is there a way to do that?
P.S. It turns out, people are already doing this. I've recently read in Spectrum that people are using photonic computations for the machine learning, and that the photonic computations are limited to this niche because of their limited precision. I can't really think of a reason for the limited precision other than these computations being analog.
P.P.S. It's 2022 now, slightly more than a year after the original post, and IEEE Spectrum is reporting that IBM is working on a way to use the memory (like Flash, but other similar types too) as an analog summator, doing the "neuron" processing in a memory cell.