Facebook Paid Around $500 Million to $1Billion For New York-Based Start-up

Facebook Paid Around $500 Million to $1Billion For New York-Based Start-up

A neural interface start-up that is hard at work on a bracelet user can use to control computers with user’s thoughts is the latest Facebook acquisition. News reported right now that Facebook acquired four-year-old CTRL-labs for somewhere between $500 million and $1 billion. The social media giant might decide to pair with VR or AR glasses.

Andrew Bosworth, who works as the vice-president of the company’s augmented reality and virtual reality divisions, announced the acquisition in a publish on the social network. The New York-based start-up will turn out to be parter of Facebook Reality Labs, the Facebooks AR, and VR division that was previously referred to as Oculus Research. Bosworth mentioned the objective was to “build this type of technology at scale” and “get it into consumer products ready.”

CTRL-lab’s flagship product is a wrist-worn or wristband device that measures neuron activity in a subject and then imitates the identical motion on a computer screen. The device made by CTRL-labs would not read minds or detect neural impulses. As an alternative, it picks up on electrical impulses that come from muscle fibers as they transfer, similar to an EMG wristband. The computer then imitates the movement on the screen. The company claims it has advanced this capability to individual muscle cells. In other words, the user will not need to physically move their arm to move the arm on the screen. User will only have to consider physically moving your arm.

Facebook has been engaged in brain computing projects for a while now. Back in 2017, it announced it was developing brain-computer interfaces that can permit users to type using only their minds. While it might sound like another example of real-life imitating events from Black Mirror, the technology remains to be very a lot in its early stages. The company itself admitted this summer at F8 that the technology was “bulky, slow and unreliable” and would not anticipate it to be prepared for consumers for several years.