Sep 24, 2019
Facebook buys 'mind-reading wristband' firm CTRL-Labs
Facebook has acquired a start-up which is developing devices that can pick up electrical signals from the brain and transmit them to a computer. Facebook has not confirmed a report by CNBC which claimed that the deal was worth between $500m and $1bn. Mr Bosworth said he hoped the CTRL-Lab team would help Facebook to "Build this kind of technology, at scale and get it into consumer products faster". Underneath Andrew Bosworth's Facebook post, Josh Chan, founder of an educational app, said the news was exciting. "The CTRL-Labs technology is an innovative input that Facebook hopes will be used to significantly improve the upcoming Facebook AR/VR experiences a few years down the road to fundamentally improve the user experience," it said. Facebook may have more to say about the new acquisition on Wednesday at its annual Oculus VR headset event, which the firm acquired in 2014 for around $2bn..
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