The social media company is acquiring the manufacturer of an electronic wristband that it says will allow people to send or share photos on its social network, click a button on their computer’s mouse, and perform other computing tasks simply by thinking about it.
Facebook stated on Monday that it plans to acquire CTRL-labs, an old startup considered to be the first one in the emerging field of “brain computing,” for an unrevealed amount. A report in Bloomberg said Facebook paid somewhere between $500 million and $1 billion for the company, citing anonymous sources.
Facebook announced on Monday that the vision for this work is a wristband that lets people control their devices as a natural extension of the movement.
The project is an important step forward by Facebook in its ambition to develop brain computing technology. Facebook has not given up on the concept even as its core social networking business faces fierce scrutiny from government regulators and some consumers.
Facebook is among those company who are trying to develop technologies through AI and machine learning. Elon Musk’s Neuralink is already claiming to do Human trials by 2020.