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Facebook Acquires New York Startup CTRL-labs For $1 Billion

Allowing humans to control computers and devices with only their thoughts is Facebook's next target as it sets to buy CTRL-labs, a tech startup that develops wristbands that interpret neuron activity into digital commands.

CTRL-labs is based in New York and was founded in 2015 by Timothy Machado and neuroscientists Patrick Kaifosh and Thomas Reardon. Its investors include GV, Lux Capital, Matrix Partners, Breyer Capital, Spark Capital, Amazon Alexa Fund and others.

Andrew Bosworth, Facebook's augmented and virtual-reality vice president, said in a post that, "the vision for this work is a wristband that lets people control their devices as a natural extension of movement." The technology works by sending electrical signals from the spinal cord to the hand muscles, which are then translated to a digital action on a device.

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