Thursday, 8 June 2023

Business News

Elon Musk’s Neuralink brain chip startup approved for human trial

Elon Musk's Neuralink brain chip startup approved for human trial

Elon Musk’s futuristic brain chip startup Neuralink has received federal approval for its first in-human clinical trial, marking a major milestone for the company with huge ambitions.

The company announced the approval by the Food and Drug Administration on Thursday, saying in a tweet that it “represents an important first step that will one day allow our technology to help many people.”

Musk has pitched Neuralink’s technology as potentially helping people who suffer from paralysis. The technology involves implanting tiny chips inside people’s skulls to relay electrical signals from the brain to a computer.

Neuralink did not reveal the nature of the FDA’s approval or when a clinical trial would begin. It merely said: “Recruitment is not yet open for our clinical trial. We’ll announce more information on this soon!”

Neuralink is playing catch up with competitors. A rival company, Synchron, had received approval for a similar trial in 2021.

Musk unveiled Neuralink to the public during a splashy livestreamed event in 2020 during which he showed off pigs that had brain chip implants walking on a treadmill and nosing around in a pen. He showed off data collected wirelessly from the chips representing the firing of the pigs’ neurons and how the information could be used to predict the position of the pig’s joints.

But behind the scenes, Musk’s company has been stymied by disagreements and executive departures, according to earlier Fortune reporting.

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