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☆ It's March Madness time — and we mean business
▼ + stars: | 2024-03-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we've made a March Madness bracket to decide the biggest topics in business, tech, and innovation, and we need you to vote . [2] Interest rates vs. [7] US-China relations: The biggest question in the market is when the Federal Reserve will lower rates. China doesn't have as direct an impact on US businesses as interest rates, but it's not far behind. Anna Moneymaker/Getty ImagesThe Fed holds the line on interest rates.

Persons: —, Jensen, we've, ya, Kevin Frayer, Chelsea Jia Feng, it's, Elon Musk, Jerome Powell, Anna Moneymaker, he's, Goldman Sachs, Russell Horwitz, hasn't, Greg Doherty, Mustafa Suleyman, Karén Simonyan, Sam Altman, Alex Nabaum, It's, Elon Musk's Neuralink, Noland Arbaugh, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Federal Reserve, EV, Boomers, Fed, UBS, BI, Wall, Variety, New York Stock Exchange, Microsoft, Amazon, FedEx, Nike Locations: China, VCs, Valley, New York, London

☆ Musk's Neuralink brain implant company cited by FDA over animal lab issues
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: +2 min

The inspectors identified quality control lapses at the company's California animal research facility. Those visits took place last year from June 12-22, and represent the FDA's sole inspections of Neuralink facilities on record. The laboratory problems identified by FDA inspectors included missing calibration records for instruments such as a pH meter used in one of the studies. An animal welfare advocacy group, Physicians Committee for Responsible Medicine, submitted a formal complaint to both USDA and FDA over the alleged breaches. In July, the USDA said it did not find any violations of its animal research rules beyond a 2019 incident that Neuralink had already reported.

Persons: Elon Musk's, Jerry L, Chapman, Lou Gehrig's, Neuralink Organizations: Food, Drug Administration, Elon, Elon Musk's Neuralink, Reuters, Redica Systems, FDA, U.S . Department of Agriculture, Physicians, Responsible Medicine Locations: California, Neuralink's Texas

☆ The FDA reportedly identified quality-control issues at a Neuralink animal lab shortly after Elon Musk said the startup was cleared to start human tests
▼ + stars: | 2024-02-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Neuralink had said in May 2023 that it had been cleared by the FDA to begin human trials of its technology, which has since implanted its first brain chip in a person. The company's site in Texas did not have the same issues, Reuters reported, citing FDA records. An FDA spokesperson did not immediately respond to a request for comment from Business Insider ahead of publication. A spokesperson for Neuralink did not respond to a request for comment from BI or Reuters. Musk said the company kicked off human trials earlier this year and successfully implanted its first chip in a patient.

Persons: —, Elon Musk's Neuralink, Neuralink, Elon Musk, Musk Organizations: Service, US Food and Drug, Reuters, Business, FDA, Elon, US Department of Agriculture, Bloomberg, Occupational Safety, Health Administration, The Boring Company, SpaceX Locations: California, Texas, Las Vegas

☆ First Neuralink human trial subject can control a computer mouse with brain implant, Elon Musk says
▼ + stars: | 2024-02-20 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk says Neuralink’s first human trial participant can control a computer mouse with their brain, nearly one month after having the company’s chip implanted. Trial patients will have a chip surgically placed in the part of the brain that controls the intention to move. Like existing brain-machine interfaces, the company’s implant would collect electrical signals sent out by the brain and interpret them as actions. Before Neuralink’s brain implants hit the broader market, they’ll need regulatory approval. Elon Musk's Neuralink aims to one day let humans control computers with their minds.

Persons: New York CNN — Elon Musk, ” Musk, “ We’re, we’re, ”, Musk, Neuralink, Stephen Hawking, Elon Musk's, Gabby Jones, Sychron, –, Madhok, Jen Christensen Organizations: New, New York CNN, Bloomberg, Getty, Reuters Locations: New York

☆ Mark Zuckerberg won't be lining up for a brain chip like Elon Musk's Neuralink anytime soon
▼ + stars: | 2024-02-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg is in no rush to try out Elon Musk's Neuralink brain-computer interface. The Meta CEO said on a podcast Friday, "I wouldn't want to use Version 1 of that." Musk said last month that Neuralink had its first human patient receive a brain chip implant. AdvertisementMark Zuckerberg is wary of trying out brain chip implants for now. The Meta CEO discussed brain-computer interfaces on an episode of the "Morning Brew Daily" podcast released Friday.

Persons: Mark Zuckerberg, Elon Musk's, Musk, Neuralink, —, wilder Organizations: Service

Elon Musk’s brain implant company Neuralink has moved its legal corporate home from Delaware to Nevada after a Delaware judge struck down Musk's $55.8 billion pay package as CEO of Tesla. Neuralink, which has its physical headquarters in Fremont, California, became a Nevada company on Thursday, according to state records. Delaware records also list the company's legal home as Nevada. “Never incorporate your company in the state of Delaware,” he wrote in one post after the court ruling. Musk, a co-founder of the privately held Neuralink, is listed as company president in Nevada documents.

Persons: Elon, Neuralink, Musk, Tesla, ”, “, Erik Gordon, Kathaleen St, Jude McCormick, McCormick, ‘, ’ ” McCormick, Musk’s, shouldn’t Organizations: Tesla, Austin, University of Michigan, Delaware, Musk, Forbes Locations: Delaware, Nevada, Fremont , California, Texas, “ Delaware, —

☆ Elon Musk's Neuralink implanted its first brain chip in a human's skull. Here's what we know about the surgery.
▼ + stars: | 2024-02-05 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Elon Musk said Neuralink successfully implanted its first brain chip in a human. Here's everything we know about the surgery that replaces a portion of your skull. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk said his brain-chip startup implanted its device in its first human patient on Monday. Here's what we know about the process, according to videos from the startup, as well as media reports.

Persons: Elon Musk, Neuralink, —, Musk Organizations: Service, Elon, US Food and Drug Administration

☆ China just revealed plans to take on Elon Musk's Neuralink
▼ + stars: | 2024-01-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewChina has bold ambitions to develop its own brain-computer products by 2025. The MIIT said it wants to achieve breakthroughs in hundreds of technologies by creating "iconic products" by 2025, and it includes making brain-computer interfaces like Elon Musk's Neuralink implant. China has been actively working on creating brain-computer interface devices in recent years, including ones that can rival Neuralink. AdvertisementThe SprialE brain-computer interface can be inserted without the need for surgery as it has a spiral design, allowing it to be slid in without an invasive method, the report says. The tech policy document outlining its ambitions comes after the MIIT published a road map in November of its plans to mass-produce humanoid robots by 2025.

Persons: —, Neuralink, Musk Organizations: Service, Business, Ministry of Industry, Information Technology, Elon, FDA, Tianjin University, China Electronics Corporation, China Morning Post, Tsinghua University, Independent Locations: China, Tianjin, Beijing

☆ Elon Musk's Neuralink implants brain tech in human patient for the first time
▼ + stars: | 2024-01-29 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

The company is developing a brain implant that aims to help patients with severe paralysis control external technologies using only neural signals. The in-human clinical trial marks just one step on Neuralink's path toward commercialization. Neuralink did not disclose how many human patients will participate in its initial in-human trial. Paradromics is aiming to launch its first trial with human patients in the first half of this year. Precision Neuroscience carried out its first in-human clinical study last year.

Persons: Elon, Neuralink, Musk, Stephen Hawking, Blackrock Neurotech, Tom Oxley's Organizations: U.S . Food, Drug Administration, FDA, SpaceX, BCI, Neuroscience, Paradromics, Blackrock Locations: U.S

☆ Elon Musk's Neuralink raises more cash ahead of human trials next year
▼ + stars: | 2023-11-27 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Neuralink has raised another $43 million, per an SEC filing, as it faces mounting scrutiny. Billionaire investor Peter Thiel's Founders Fund led the latest round, TechCrunch reported. AdvertisementElon Musk's controversial brain implant company Neuralink has raised more funding as it gears up to start human trials. The latest round was led by billionaire investor Peter Thiel's Founders Fund, TechCrunch reported. The latest funding round comes as Elon Musk faces further criticism over the deaths of monkeys that Neuralink used to test its chips.

Persons: Neuralink, Peter Thiel's, —, Elon, Elon Musk, Gary Gensler, Musk, Luke, Optimus, Neuralink didn't Organizations: SEC, Fund, TechCrunch, Service, Elon, Responsible Medicine, Business

☆ Can you hack your brain? These companies are driving innovation in the field of brain stimulation
▼ + stars: | 2023-11-21 | by ( Pia Singh | ) www.cnbc.com time to read: +12 min

These forms of deep brain stimulation require a surgical procedure during which electrodes — which generate electrical impulses to control any abnormal brain activity — are implanted into certain areas of the brain. With enough advancement in the field, doctors expect brain stimulation techniques for both severe disorders and health-and-wellness purposes will ultimately become noninvasive. Three major players There are only three companies with FDA-approved deep brain stimulation, or DBS, treatments: Medtronic , Abbott Laboratories and Boston Scientific . The spinal cord stimulation, or SCS, business is a hotbed of innovation right now, deep brain stimulation also is a key area." There is still plenty of doubt, however, about the efficacy of at-home brain stimulation devices, which offer a less direct approach to brain stimulation and don't always require FDA oversight.

Persons: —, Bernstein, Lee Hambright, Hambright, Ali Rezai, Medtronic, Abbott, Rezai, Morningstar, Debbie Wang, Wang, Elon Musk, it's Elon Musk's, Casey Halpern, it's, Halpern, Taiwan's Organizations: Drug Administration, FDA, Abbott Laboratories, Boston, Rockefeller Neuroscience, West Virginia University, American Neuromodulation Society, Boston Scientific, DBS, FactSet, Neuroscience, BCI, University of Pennsylvania, TMS Locations: neuromodulation

☆ Elon Musk's Neuralink has thousands of people lined up for a brain chip implant. Here's what we know about the surgery that replaces a portion of your skull.
▼ + stars: | 2023-11-11 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Elon Musk's brain chip startup Neuralink has reportedly received interest from thousands of potential patients. The company reportedly aims to implant the device in 11 people next year. Here's everything we know about the surgery that replaces a portion of your skull. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But in the meantime, here's what we know about the process, according to videos from the startup, as well as media reports.

Persons: Elon, —, Elon Musk, Neuralink Organizations: Service, Elon, US Food and Drug Administration, Bloomberg

☆ Elon Musk's plan to implant chips into people's brains is eerily similar to a 2015 British spy movie featuring an eccentric billionaire played by Samuel L. Jackson
▼ + stars: | 2023-11-08 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Elon Musk's brain chips are eerily similar to the plot of 2015 movie "Kingsman: The Secret Service." In it, Samuel L. Jackson plays an eccentric billionaire who tries to control the world using neural implants. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisement"Kingsman: The Secret Service," which stars Colin Firth, Samuel L. Jackson, and Taron Egerton, features a similar neural implant as a key plot point.

Persons: Elon, Samuel L, Jackson, —, That's, Elon Musk's, it's, Neuralink, Musk, Ashlee Vance, Vance, Colin Firth, Taron Egerton, James Bond, Richmond Valentine, Eggsy, Egerton —, It's, Valentine, Vance — Organizations: Bloomberg, Service, Elon Musk's Neuralink, SpaceX

☆ Neuralink competitor Precision Neuroscience buys factory to build its brain implants
▼ + stars: | 2023-10-05 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

In this article BLK Follow your favorite stocks CREATE FREE ACCOUNTEmployees working in Precision's manufacturing facility Courtesy: Precision NeuroscienceNeurotech startup Precision Neuroscience announced Thursday it has acquired a factory in Dallas, where it will build the key component of its brain implant, the Layer 7 Cortical Interface. Precision said the manufacturing plant is the only facility capable of producing its "sophisticated" electrode array. Stephanie Rider of Precision Neuroscience inspects the company's microelectrode array Source: Precision NeuroscienceAs a member of the fast-growing brain-computer interface (BCI) industry, Precision is developing its technology alongside other companies like Synchron, Paradromics, Blackrock Neurotech and Elon Musk's Neuralink. At the request of the seller, a Japanese multinational corporation, Precision declined to share how much the manufacturing facility cost. Employees working in Precision's manufacturing facility Courtesy: Precision Neuroscience

Persons: we've, Michael Mager, Stephanie Rider, Elon Musk's, Precision's, Benjamin Rapoport, Neuralink, Musk, Mager Organizations: Neuroscience, CNBC, Blackrock Neurotech, Elon Musk's Neuralink, SpaceX, Neuralink, Employees Locations: Dallas, Paradromics

☆ Elon Musk's claim that no monkey died as a result of Neuralink implants contradicts records that show how the animals experienced brain swelling, paralysis, seizures, and other health effects, letter
▼ + stars: | 2023-09-21 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

Elon Musk's Neuralink used monkeys to test its brain chip that can connect to a device. Musk said on X, formerly Twitter, that "no monkeys died as a result of Neuralink's chips." "First our early implants, to minimize risk to health monkeys, we chose terminal moneys (close to death already)," Musk wrote on September 10, misspelling monkeys. Other health effects included paralysis, seizures, loss of coordination and balance, and depression, PCRM wrote in the SEC letter. The average age of the dozen monkeys that died during Neuralink's research was 7.25 years, the group said.

Persons: Elon Musk's Neuralink, Musk, Elon Musk, PCRM, Andy Fell, UC Davis Organizations: SEC, Service, Securities and Exchange Commission, Responsible Medicine, WIRED, University of California, Primate Research Center, YouTube, UC Davis, UC, Neuralink, Care, California National Primate Research Center Locations: Wall, Silicon, Davis, California

☆ Elon Musk's Neuralink is recruiting patients for its first human trial
▼ + stars: | 2023-09-20 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Elon Musk's neurotech startup Neuralink will begin recruiting patients for its first in-human clinical trial, the company announced in a blog post. Patients who participate in the trial will have to undergo invasive brain surgery. Neuralink is building a brain implant that aims to help people with severe paralysis control external technologies using only neural signals. As of September, no BCI company has managed to clinch the FDA's final seal of approval. But by receiving the go-ahead to recruit for a study with human patients, Neuralink is one step closer.

Persons: Elon, Neuralink, Musk, Tesla Organizations: Food and Drug Administration, SpaceX, BCI

☆ Elon Musk's Neuralink is now recruiting people with serious disabilities like ALS to test if his brain chips are safe
▼ + stars: | 2023-09-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Elon Musk's Neuralink is seeking candidates for its first human trials. Neuralink wants to test their brain chips on people with cervical spinal cord injuries or ALS. The company is under federal investigation for animal welfare abuses while conducting animal tests. At a company event last year, Musk said he would test Neuralink's brain chips on himself when human trials begin. AdvertisementAdvertisementNeuralink received approval from the Food and Drug Administration in May to embark on human trials.

Persons: Elon Musk's Neuralink, Neuralink, Musk, — Organizations: Service, Food and Drug Administration, Reuters Locations: Wall, Silicon

☆ 'The scholar, the pragmatist, and the rainmaker:' How three Bloomberg Beta VCs bet on AI before it became a buzzword
▼ + stars: | 2023-09-18 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +9 min

Bahat brings this same radical directness to Bloomberg Beta, the early-stage venture capital fund housed within the larger Bloomberg empire that he's run for the past decade. And Bloomberg Beta was making investments in generative AI as far back as 2015, before the term "generative AI" even existed. "It felt like we were just waiting for the right moment," said Cham, Bloomberg Beta partner and de-facto chief technologist, "where the rest of the world would see it." Bloomberg Beta made the decision early on to publish its entire operating manual on GitHub, including sensitive information about average check size and investment criteria. Kieran Snyder, the founder of generative AI startup Textio which Bloomberg Beta invested in in 2015, has a shorthand for describing the role of Beta's three partners.

Persons: Roy Bahat's, Bahat, James Cham, Karin Klein, Shivon Zillis, Elon Musk's, Cham, ChatGPT, VCs, Bloomberg Beta, Dan Doctoroff, Mike Bloomberg, Doctoroff, Bahat's chutzpah, Bloomberg —, Bloomberg Philanthropies, Tade Oyerinde, Sam Altman, Peter Thiel's Founder's, Roy didn't, Oyerinde, Kieran Snyder, who's, Apple Lisa, Klein, Karen, Snyder, Roy, Zilis Organizations: Port Authority, World Trade Center, IGN, Bloomberg Beta, Bloomberg, LinkedIn, Elon, Beta, Apple, New Locations: New York, Silicon Valley, East, California

☆ Regulator says found no animal welfare breaches at Musk firm beyond 2019 incident
▼ + stars: | 2023-07-19 | by ( Marisa Taylor | ) www.reuters.com time to read: +5 min

July 19 (Reuters) - The head of the U.S. agency responsible for animal welfare has told lawmakers that it did not find any violations of animal research rules at Elon Musk's Neuralink beyond a 2019 incident the brain implant company had already reported. The inspection included visits at Neuralink's two facilities in January 2023, Vilsack wrote, adding that there would be more inspections. Vilsack said in his letter his agency did not include in its inspection citations an "adverse surgical event" at Neuralink that occurred in August 2019. The company proactively reported it and took corrective action, which complied with the policy at the time, Vilsack added. The mistakes weakened the experiments' research value and required the tests to be repeated, leading to more animals being killed.

Persons: Thomas Vilsack, Earl Blumenauer, Vilsack, Musk, Neuralink, Blumenauer, Ryan Merkley, Marisa Taylot, Greg Roumeliotis, Robert Birsel Organizations: U.S, Elon Musk's, Department of Agriculture, Reuters, USDA, Physicians, Responsible Medicine, Neuralink, University of California, UC Davis, Drug Administration, FDA, Department of Transportation, Washington , D.C, Thomson Locations: Neuralink, Davis, Washington ,

☆ A paralyzed man can walk again using a groundbreaking mind-reading brain implant
▼ + stars: | 2023-05-24 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +4 min

A paralyzed man has regained the ability to walk using spinal cord stimulation he controls with his mind. He emerged alive, but unable to use his legs due to a spinal cord injury. "He's able to pause, he's able to traverse more complex terrain, he's able to climb stairs." Two have spinal cord injuries, and two will be hoping to "move their hands and arms again," he said. Other BCI companies, including Elon Musk's Neuralink, have really only used BCI technology to control things, like keyboards, or computer mice.

☆ Elon Musk's Neuralink accused of 'obvious conflict of interest' by filling its animal-testing regulatory committee with staff who could profit, report says
▼ + stars: | 2023-05-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Elon Musk's Neuralink is testing its brain implant on animals ahead of plans for human trials. 19 of the 22 members of the animal-research oversight board are also Neuralink staff, per Reuters. Elon Musk's Neuralink has reportedly filled its committee overseeing animal testing with staff who stand to profit if the brain implant is approved by regulators, according to Reuters. Federal law requires certain animal research facilities to have a regulatory board called an Institutional Animal Care and Use Committee, or IACUC. That's because Neuralink staff typically receive equity in the company, five current and former workers told Reuters.

☆ Grimes said she got a brain gadget for her birthday from a company competing with Elon Musk's Neuralink
▼ + stars: | 2023-03-22 | by ( Grace Kay | Hilary Brueck | ) www.businessinsider.com time to read: +5 min

Neurosity's device is designed to help people focus, but some developers are using it as a BCI. "Getting a non invasive brain computer interface for my birthday (!!!!? Grimes' birthday 'Crown' measures brain activity, and is designed to help people focusNeurosity's headset uses electroencephalogram technology, or EEG, to measure brain activity by placing small metal electrodes on a person's scalp. In a now-deleted tweet, the singer said Neurosity's device allowed her to use her mind to move a cursor. Meanwhile, Neurosity's device is already on the market.

☆ 'Father of the cell phone' says one day we'll have devices embedded under our skin
▼ + stars: | 2023-03-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Martin Cooper received a lifetime achievement award at MWC this week to mark 50 years since he made the first phone call on Sixth Avenue. BARCELONA, Spain — One day phones will become devices integrated into our skin, rather than the black rectangular slabs we've become accustomed to, according to the inventor of the cell phone. Such devices won't need to be charged, as "your body is the perfect charger," Cooper said. "When you eat food, your body creates energy, right?" "You ingest food, your body creates energy.

☆ ChatGPT creator Sam Altman has invested in dozens of companies over the years, from Elon Musk's Neuralink to Reddit
▼ + stars: | 2023-02-19 | by ( Britney Nguyen | ) www.businessinsider.com time to read: 1 min

NeuralinkThe chip sits behind the ear, while electrodes are threaded into the brain. Neuralink/YouTubeAltman is listed as an investor in Neuralink's Series C round in July 2021, according to PitchBook. Neuralink is Elon Musk's company that is developing technology with the goal of one day implanting it in a human brain to record and possibly stimulate activity. Musk founded the company in 2016, but it wasn't publicized until 2017 when The Wall Street Journal reported on it. The company has demonstrated its technology in pigs, and in monkeys.

☆ Brain Chips Like Elon Musk's Neuralink Can Change Your Personality
▼ + stars: | 2023-02-15 | by ( Evan Malmgren | ) www.businessinsider.com time to read: +13 min

Musk's neurotech startup, Neuralink, has been working toward implanting its skull-embedded brain chip in a human since it was founded in 2016. Other researchers have been looking into using BCIs to restore lost senses and control prosthetic limbs, among other applications. Intervening in the delicate operation of a human brain is a sticky business, and the effects are not always desirable or intended. If a brain chip can change key parts of your personality, companies should not be rushing to put them in people's heads. Wexler told me that while most people in the industry aren't that open to using BCIs as a consumer product, they still think it's likely to happen.

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