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Elon Musk’s Neuralink gets $27M to build brain computers

(Bloomberg) -- Neuralink Corp., the startup co-founded by billionaire Elon Musk, has taken steps to sell as much as $100 million in stock to fund the development of technology that connects human brains with computers.

The San Francisco-based company has already gotten $27 million in funding, according to a filing with the U.S. Securities and Exchange Commission. Musk said via Twitter on Friday that Neuralink isn’t seeking outside investors. A spokesman didn’t respond to questions about the source of the funds.

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Colored lights indicate the operation of supercalculator Blade units on a Bullx B700 computer rack during testing at the Bull SA headquarters in Angers, France, on Monday, June 23, 2014. Thierry Breton, chief executive officer of software maker Atos, is engineering a 620 million-euro ($846 million) bid to acquire Bull, the company he tried to revive two decades ago. Photographer: Balint Porneczi/Bloomberg

Musk, 46, is the chief executive officer of Tesla Inc. and Space Exploration Technologies Corp. and has several other pet projects, including a venture to bore tunnels for roads or tube-based transportation systems known as the hyperloop, and another project for the responsible development of artificial intelligence.

In June, Musk said Neuralink is a priority after much more demanding commitments to his automotive and rocket companies. “Boring Co. is maybe 2 percent of my time; Neuralink is 3 percent to 5 percent of my time; OpenAI is going to be a couple of percent; and then 90-plus percent is divided between SpaceX and Tesla,” said Musk at the electric-car maker’s annual shareholder meeting.

Few details are known about Neuralink. The company’s sparse website says it’s “developing ultra-high bandwith brain-machine interfaces to connect humans and computers.” It’s also recruiting engineers and scientists to join the effort.

“No neuroscience experience is required: talent and drive matter far more,” the company says on the site. “We expect most of our team to come from other areas and industries.”