Facebook has agreed to the acquisition of CTRL-Labs, a tech startup that is working on software that lets users control digital avatars of themselves with their mind, reported the Financial Times.
The social media giant is rumored to be paying up to US$1 billion for the company. Facebook declined to comment on the price of the acquisition.
The announcement was made by Andrew Bosworth, the head of augmented reality at Facebook, on his Facebook page.
CTRL-Labs, which works with biological interface technology, has been in operation for four years and during that time has worked on various pieces of technology – including a wristband that lets the user’s brain control a computer with thoughts alone. The wristband can measure neuronal activity in the user’s wrist to work out the movement that a person is thinking about making, even though they’re not moving.
Full Content: Financial Times
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