ReutersSep 24, 2019 09:02:07 IST
Facebook said on Monday it bought New York-based CTRL-labs, a start-up that is exploring ways for people to communicate with computers using brain signals, in a deal that CNBC has valued at $1 billion.
Facebook Vice President of AR/VR Andrew Bosworth announced the deal in a Facebook post.
CTRL-labs will join Facebook Reality Labs team, Bosworth said, without giving any financial details.
Media reports said CTRL-labs is working with brain science and machine learning to create interfaces for people to control and manipulate computers by thinking. Its development-stage wrist-worn device uses sensors to track gestures and would act as an input device.
The deal 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.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.