New Delhi -°C
Today in New Delhi, India

Jan 19, 2020-Sunday
-°C

Humidity
-

Wind
-

Select city

Metro cities - Delhi, Mumbai, Chennai, Kolkata

Other cities - Noida, Gurgaon, Bengaluru, Hyderabad, Bhopal , Chandigarh , Dehradun, Indore, Jaipur, Lucknow, Patna, Ranchi

Sunday, Jan 19, 2020
Home / Tech / Facebook acquires CTRL-Labs, a startup working on neural interface platform

Facebook acquires CTRL-Labs, a startup working on neural interface platform

Facebook hasn’t disclosed the value of the deal but reports suggest it’s about $1 billion.

tech Updated: Sep 24, 2019 15:23 IST
Reuters
Reuters
Reuters
Facebook acquires brain-machine computing startup
Facebook acquires brain-machine computing startup(CTRL-Labs)
         

Facebook Inc said on Monday it bought New York-based CTRL-labs, a start-up that is exploring ways for people to communicate with computers using brain signals, in a deal that CNBC said was valued at $1 billion.

Facebook Vice President of AR/VR Andrew Bosworth announced the deal in a Facebook post.

CTRL-labs will join Facebook Reality Labs team, Bosworth said, without giving any financial details.

Facebook said it intends to use the neural interface technology of CTRL-labs in developing a wristband that connects to other devices intuitively.

“The vision for this work is a wristband that lets people control their devices as a natural extension of movement,” Bosworth said.

ALSO READ: Elon Musk’s Neuralink launches brain-on-a-chip, seeks human trials in 2020

“We hope to build this kind of technology, at scale, and get it into consumer products faster,” he added.

Media reports said CTRL-labs is working with brain science and machine learning to create interfaces for people to control and manipulate computers by thinking. Its development-stage wrist-worn device uses sensors to track gestures and would act as an input device.

ALSO READ: Researchers develop ‘lifelike’ robots that can grow, self-assemble, and die

The deal is valued at about $1 billion, CNBC reported, citing a source familiar with the matter.

Facebook was not immediately available for comment on the deal value.