Elon Musk's Neuralink Faces Fierce Competition As Precision Neuroscience Raises $102 Million To Advance Thought-Controlled Devices
- by Benzinga.com
- Dec 17, 2024
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Ananya Gairola, Benzinga Staff Writer
December 17, 2024 1:09 AM
| 1 min read See Also: Google Willow, Nvidia’s China Troubles, Trump On AI, And More: This Week In Artificial Intelligence
BCI devices leverage artificial intelligence to interpret brain signals and control computers. Neuralink has already implanted electrodes in two individuals, enabling them to play video games and use design software.
Precision’s device, temporarily used on 27 patients during neurosurgery, aims to offer a less invasive procedure.
Why It Matters: The BCI market is heating up with Neuralink setting ambitious goals. Musk has previously announced plans to achieve 1,000 brain chip implantations by 2026.
He has also previously indicated that Neuralink’s brain implants could eventually be as affordable as an Apple Watch, priced between $1,000 and $2,000.
Earlier this year it was reported that another Neuralink competitor, Paradromics, is also preparing for human trials of its brain implant, aiming to facilitate high-speed communication with multiple neurons.
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