Neuralink, founded by Elon Musk, is reportedly looking to raise approximately $500 million at a pre-money valuation of $8.5 billion. The company is currently in talks with potential investors. This funding aims to further develop its innovative brain chip implant, which has shown promising results in restoring functionalities for people with spinal cord injuries, enabling them to engage in activities like gaming and social media. While the funding terms are still being negotiated, positive test results underscore the device's potential impact.
Elon Musk's Neuralink aims to raise $500 million at a pre-money valuation of $8.5 billion to fund its brain implant technology.
The brain chip implant from Neuralink is designed to assist individuals with spinal cord injuries, with successful preliminary tests already showing promising results.
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