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Elon Musk’s brain implant startup Neuralink, which was worth about $2 billion two years ago, is now worth about $5 billion. As reported by Ukrinform, this was reported
As reported by Ukrinform, this was reported by Reuters citing its own sources.
Some acquisitions by bullish investors have boosted the venture’s value in recent months, ahead of the May 25 announcement that US regulators had approved human trials of the brain implant, according to agency sources.
Experts say it may take several years for the Neuralink startup to get permission to use the products commercially.
Kip Ludwig, former director of the neuro engineering program at the US National Institutes of Health, said he is “optimistic” that it will take at least another 10 years for Neuralink to commercialize the brain implant.
Elon Musk expressed grandiose ambitions for Neuralink, saying that his implant will allow both healthy and disabled people to treat obesity, autism, depression and schizophrenia.
Startup Neuralink has recently set more modest short-term goals, such as helping stroke patients communicate without typing using computer text.
As reported by Ukrinform, Tesla CEO Elon Musk once again surpassed businessman Bernard Arnault in the rating after LVMH shares fell 2.6% in Paris trading.
Source: Ukrinform
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