00:00It's Benzinga bringing Wall Street to Main Street.
00:02Neuralink announced Monday it raised $650 million in new funding, according to CNBC.
00:07Elon Musk's brain-computer interface startup raised new funding from ARK Invest, Founders
00:12Fund, Sequoia Capital, and other major firms.
00:14The company said the capital would support broader patient access and the development
00:18of devices that enhance the link between biological and artificial intelligence.
00:22Neuralink's first brain-computer interface, Telepathy, uses electrodes to translate brain
00:27signals into commands for external devices.
00:29Neuralink's technology aims to help patients with severe paralysis regain independence,
00:34with five individuals now using it to control devices through thought.
00:37The company is also working on a device called Blindsight, which aims to restore vision to
00:41the blind.
00:42For all things money, visit Benzinga.com slash GSTV.
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