Facebook to buy brain science start-up CTRL-labs

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Facebook on Monday announced the acquisition of CTRL-labs, a New York startup that specializes in allowing humans to control computers using their brains. The size of the deal was between $500 million and $1 billion, sources familiar with the matter told CNBC. A Facebook spokesperson said it was lower than $1 billion

Facebook Inc (FB.O) 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.

“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.

The deal is valued at about $1 billion.

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Facebook to buy brain science start-up CTRL-labs

by Puneet Time to Read: 1 min
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