Neuralink announced Monday it raised $650 million in new funding, according to CNBC. Elon Musk’s brain-computer interface startup raised new funding from ARK Invest, Founders Fund, Sequoia Capital, and other major firms. The company said the capital will support broader patient access and the development of devices that enhance the link between biological and artificial intelligence. Neuralink’s first brain-computer interface, Telepathy, uses electrodes to translate brain signals into commands for external devices. Neuralink’s technology aims to help patients with severe paralysis regain independence, with five individuals now using it to control devices through thought. The company is also working on a device called Blindsight, which aims to restore vision to the blind.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Neuralink announced Monday it raised $650 million in new funding, according to CNBC.
00:07Elon Musk's brain-computer interface startup raised new funding from ARK Invest, Founders
00:12Fund, Sequoia Capital, and other major firms.
00:14The company said the capital would support broader patient access and the development
00:18of devices that enhance the link between biological and artificial intelligence.
00:22Neuralink's first brain-computer interface, Telepathy, uses electrodes to translate brain
00:27signals into commands for external devices.
00:29Neuralink's technology aims to help patients with severe paralysis regain independence,
00:34with five individuals now using it to control devices through thought.
00:37The company is also working on a device called Blindsight, which aims to restore vision to
00:41the blind.
00:42For all things money, visit Benzinga.com slash GSTV.