A PYMNTS Company

US: Facebook to buy CTRL-Labs to create mind-control device

By  |  September 24, 2019

Facebook has agreed to the acquisition of CTRL-Labs, a tech startup that is working on software that lets users control digital avatars of themselves with their mind, reported the Financial Times. 

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The social media giant is rumored to be paying up to US$1 billion for the company. Facebook declined to comment on the price of the acquisition.

    The announcement was made by Andrew Bosworth, the head of augmented reality at Facebook, on his Facebook page.

    CTRL-Labs, which works with biological interface technology, has been in operation for four years and during that time has worked on various pieces of technology – including a wristband that lets the user’s brain control a computer with thoughts alone. The wristband can measure neuronal activity in the user’s wrist to work out the movement that a person is thinking about making, even though they’re not moving.

    Full Content: Financial Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.