In trying to get some sort of intuition into what goes on inside an LSTM, there is a step that has the potential to make things fall in place nicely.
Here is a diagram from this tutorial illustrating the step in question with nomenclature notes added (feel free to correct mistakes):
I understand $[h_{t-1}, x_t]$ as the vector (or matrix (?)) concatenating the previous activation layer or output $(h_{t-1})$ and the new input $x_t$, while sigma $(\sigma)$ stands for sigmoid activation. $\tilde C_t$ is the update gate (?) or proposed new cell state.
I presume that $\otimes$ in the diagram (minor design differences aside) is the Hadamard product.
Both $\sigma$ in the $i_t$ equation, and $\tanh$ in the $\tilde C_t$ formula take in the concatenated vector $[h_{t-1},x_t]$ with learned weights and biases.
The question is:
What is the intuition of the purpose behind obtaining the sigmoid activation and the tanh activation of the same vector, and then combining them through the element-wise multiplication (Hadamard)?
I see that sigmoid provides a weight for each element of the vector, but what is the purpose / convenience / usefulness in using $\tanh$? In part the answer lies in minimizing the vanishing gradient problem, but there are more patterns and ideas behind the $\sigma / \tanh$ interplay.
For instance, in this Quota answer:
When the portion of signal arrives, the gate regulates which parts of the signal should be allowed into the unit and how much of those parts should be allowed. That’s why the gates use sigmoid activation function which takes values from 0 to 1 and not tanh (-1 to 1), because it functions like a filter.
... this concepts seem to fall in place.