Facebook acquired a brain-computing startup for more than $500 million

Facebook has acquired a New York startup developing technology for people to control computers with their brains.

Facebook announced the acquisition of CTRL-labs on Monday, for an undisclosed sum. A report in Bloomberg said Facebook paid somewhere between $500 million and $1 billion for the company, citing anonymous sources.

"The vision for this work is a wristband that lets people control their devices as a natural extension of movement," Facebook executive Andrew Bosworth wrote in a blog post announcing the deal.

This story is developing...

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