Facebook to buy neurotech startup to build brain-controlled device: 25.09.2019

Facebook to buy neurotech startup to build brain-controlled device

Points to Remember:

  • Facebook has announced its plans to buy New York-based startup CTRL-labs that specialises in allowing humans to control computers using their brains.
  • The deal is reportedly worth $500 million-$1 billion.
  • Facebook said the neurotechnology startup will help it develop its planned wristbands which will pick up signals, sent by neurons, from the hand muscles to execute a task intuitively.
  • 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.

About Facebook Inc. :

  • Facebook, Inc. is an American online social media and social networking service company based in California.
  • Founders: Mark Zuckerberg, Andrew McCollum, Eduardo Saverin, Dustin Moskovitz, Chris Hughes
  • Founded: February 2004
  • CEO: Mark Zuckerberg
  • Headquarters: Menlo Park, California, United States
  • CFO: David Wehner
Important Possible questions based on above News:
  1. Recently who is planning to buy CTRL-labs that specialises in allowing humans to control computers using their brains? Facebook
  2. In what amount Facebook is acquiring New York-based startup CTRL-labs? $500 million-$1 billion

 

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