The issue of memory is mysterious in terms of its acquisition, storage, recall and retrieval. Memory is inextricably intertwined with the phenomenon of subtlety of “life”. So, is the process of learning. This paper builds up a testable theory proposing where there is no life, there is no memory. In this sense, the memory in a lifeless Artificial Device (AI) is a misnomer. So is the term, “Machine Learning”. The mystery calls for investigations on what is “life”, and its link with the memory.