It shouldn't make sense to us either; it's a ridiculous kludge resulting from the fact that we've never figured out how to make memory fast, dense, cheap, and nonvolatile at the same time.
Actually Intel did figure it out with Optane. Then they killed it because computer designers couldn't figure out how to build computers without the multilevel memory kludge. IMHO this is the single dumbest thing that happened in computer science in the last ten years.