Advertisement

Advertisement

Advertisement

Advertisement

Facebook acquires CTRL-labs for $1 billion

Facebook Inc has 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.

Advertisement

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.

Comments
Loading...

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More