Musk seems frustrated with the delays in Neuralink's progress.
Brooklyn, New York-based Synchron was also founded in 2016 and has a relatively smaller team of 60 people, while Neuralink has 300,reported. The startup is also working on relatively modest budgets as it has raised only about $65 million as opposed to the $363 million Musk-backed Neuralink has done so far.
When ready, the startup's brain chip will not need to be surgically implanted inside the brain, making it much superior and easy to use than Neuralink's device. Last month, the startup began its human trials in the U.S., while it has successfully used its device on four patients in Australia. Elon Musk allegedly reached out to Synchron's founder and chief executive, Thomas Oxley, recently to discuss a potential deal. It is not clear whether the transaction would result in a collaboration or tie-up between the two companies. Sources, on the condition of anonymity, toldthat Synchron has not decided whether it would accept the investment, and there is no certainty on the deal going through.
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