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Facebook to acquire brain-controlled device start-up

Facebook has agreed to acquire CTRL-labs, a US start-up that is developing technology to let people control electronic devices with their brains. , Facebook’s head of virtual reality and augmented reality, said the acquisition was part of a bid to build “more natural, intuitive ways to interact with devices and technology”. Facebook will pay about $1bn, according to one person familiar with the matter — the same price it paid for photo sharing app Instagram in 2012. Read More...

Facebook has agreed to acquire CTRL-labs, a US start-up that is developing technology to let people control electronic devices with their brains. , Facebook’s head of virtual reality and augmented reality, said the acquisition was part of a bid to build “more natural, intuitive ways to interact with devices and technology”. “The vision for this work is a wristband that lets people control their devices as a natural extension of movement,” he said.

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