'RAW' is just what you think it is, raw information on the light every sensory point on your chip has captured. With this data, you tell a computer (the one inside the camera or your PC) to make a bitmapped picture out of that. That would be a picture where every pixel has a combined value of some of these sensor points, giving it a unique color.
While 'developing' RAW data you tell the computer HOW to do this 'demosaicing'. Using the original raw data for that gives you the advantage of the headroom of data it has.
After you're done with the settings, you can save the bitmap-picture in different ways, JPG being one of those. It's a compressed format, so you will loose some image data (pixel information, not RAW-data) while saving. You will get a far smaller filesize though than when using an uncompressed filetype.
TIF is a lossless format, which you can use with or without compression.
Also you can export the file directly to PS and save it as a PSD-file, also lossless.
Those names, JPG, TIFF and PSD, all are bitmapped images. Your RAW file will still exist after you have develloped it into one of these formats.