Facebook are to buy it brain science to start-up and CTRL-labs

FILE PICTURE: A 3D-printed Facebook-logo will be displayed on the front of the binary digits in this illustration, the 18th of March 2018. REUTERS/dado Ruvic/Illustration

(Reuters) – Facebook Inc’s (FB.(O) said on Monday it has bought New York-based press CTRL-labs, a start-up that is exploring ways for humans to interact with computers via brain signals, in a deal that is on CNBC and said it was valued at $1 billion.

Facebook’s Vice-President of the AR/VR), Andrew Bosworth, announced the deal in a Facebook post.

CTRL-labs will join Facebook, Reality Labs, staff, Bosworth said, without giving any financial details.

Facebook said that it plans to use the neural interface technology is to use CTRL-labs is developing a wristband which connects to the other devices that are intuitive.

“The vision is for this to work, it is a wrist band that will allow people to have their devices as a natural extension of the movement,” Bosworth said.

“We hope to build on this type of technology, scale, and gain the consumer market more quickly,” he added.

Media reports said the CTRL-labs has been working with the brain science and machine learning to create interfaces for humans to control and manipulate computers, to think about it. In the development phase, the wrist-worn device that makes use of sensors to track gestures that would act as an input device.

The deal, which is valued at about $1 billion, CNBC reported, citing a source familiar with the matter.

Facebook was not immediately available for comment on the deal value.

Reporting Sathvik S in Bengaluru; Editing by Cynthia Osterman

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