This research aims to augment human cognitive abilities, particularly memory function, through the development of innovative prosthetics. The hippocampus, a crucial brain region involved in memory encoding and recall, has been the focal point of numerous studies seeking to develop prosthetics that can restore or enhance memory function in individuals with impairments such as Alzheimer’s disease. This review examines two studies that delve into the development and application of hippocampal neural prosthetics, highlighting the potential of these prosthetics to revolutionize the treatment of memory impairments. One study utilized static neural stimulation patterns to enhance memory for specific information content, while another developed a nonlinear Multiple Input Multiple Output (MIMO) dynamic model to predict and stimulate neural activity patterns during memory encoding. Both studies demonstrated significant improvements in memory performance. Additionally, this paper discusses the clinical significance and application prospects of hippocampal neural prosthetics, including the potential for implantable prosthetics and the widespread applicability of MIMO stimulation. Furthermore, the paper explores advanced modeling and classification techniques for neural ensembles and visual memory decoding, including Volterra-type hierarchical modeling, optimal multi-unit stimulation patterns, and a sparse classification model for decoding visual memories. Finally, the paper presents the implementation and evaluation of neural prosthesis systems, including an application-specific integrated circuit (ASIC) design for a hippocampal prosthesis and a high-performance, scalable system architecture for real-time estimation of neural activity. These advancements hold promise for future research and applications in neural prosthetics for memory enhancement.