Facebook agreed to buy CTRL-Labs for $5-1 billion

 Facebook agreed to buy CTRL-Labs for $5-1 billion

Netease Technologies News, September 24, according to foreign media reports, according to people familiar with the matter, Facebook has agreed to buy CTRL-Labs, a non-intrusive brain-computer interface technology startup, to help control its Augmented Reality (AR) glasses, for a transaction price of between $500 million and $1 billion. Facebook declined to comment on the purchase price.

CTRL-Labs has just been established for four years, has dozens of employees, but has raised tens of millions of dollars in venture capital. The company uses bracelets to measure neuronal activity on subjectsarms to determine what people are thinking, even if their bodies are not moving. Next, neuron activity is translated into motion on a digital screen.

In the future, CTRL-Labs technology may become a key component of AR glasses and other products. Users may want to control computers without needing buttons or keyboards.

Facebook has been pushing AR technology in depth, including the development of hands-free AR glasses. In 2017, the company announced the introduction of Brain-Computer Interface (BCI) technology, which allows people to convert their ideas into real text on the screen by monitoring signals in the brain. CTRL-Labs technology is trying to solve similar problems.

The acquisition comes at a time when Facebook faces an anti-trust investigation. This means that any acquisition by the company will be scrutinized by regulators who question whether Facebook is too big. (small)

Source: Responsible Editor of Netease Science and Technology Report: Wang Fengzhi_NT2541