Elon Musk‘s brain-chip implant company, Neuralink, changed its location of incorporation from Delaware to Nevada, according to the business portals of both states.
The development comes about a week after Musk said Tesla would hold a shareholder vote to transfer its state of incorporation to Texas from Delaware after a judge invalidated his $56 billion (roughly Rs. 4,64,880 crore) pay package.
However, switching the state of incorporation for Tesla could come with hurdles such as investor lawsuits, particularly if it was seen as a move to secure his pay package, legal experts said.
Musk said last week that Neuralink had implanted its first brain chip in a human patient, who was recovering well after the procedure.
Neuralink did not immediately respond to a Reuters request for comment.
In September 2023, the company received approval from an independent review board to begin recruitment for the first human trial of its brain implant for paralysis patients.
Those with paralysis due to cervical spinal cord injury or amyotrophic lateral sclerosis may qualify for the study, it said but did not reveal how many participants would be enrolled in the trial, which will take about six years to complete.
The study will use a robot to surgically place a brain-computer interface (BCI) implant in a region of the brain that controls the intention to move, Neuralink said, adding that its initial goal is to enable people to control a computer cursor or keyboard using their thoughts alone.
© Thomson Reuters 2024
Jolly LLB 3 Review 3.5/5 & Review RatingStar Cast: Akshay Kumar, Arshad Warsi, Saurabh ShuklaDirector:…
Hyundai has announced a new line of N Performance Parts. First up, Hyundai has upgraded…
New research led by the University of Warwick shows that forests were already growing across…
Indian travellers are rapidly redefining what they expect from travel, with mental wellbeing, sustainability, and…
Geely has made a combustion engine that achieves 48.4 percent thermal efficiency. It is a…
Scientists have discovered how a naturally occurring hormone can reverse obesity in mice, and the…