Brain implant cleared by FDA for Precision Neuroscience, a Musk Neuralink rival

"This is a foundational moment for Precision," Dr. Benjamin Rapoport, Precision's co-founder and chief science officer, said in a statement. Rapoport also helped co-found Musk's Neuralink in 2017 before departing the following year. Only part of Precision's system was approved by the FDA on Thursday, but it marks the first full regulatory clearance granted to a company developing a wireless BCI, Precision said in a release . Other prominent startups in the space include Elon Musk's Neuralink, and Synchron , which is backed by Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates . Precision is building a brain-computer interface, or a BCI, which is a system that decodes neural signals and translates them into commands for external technologies. The company's BCI will initially be used to help patients with severe paralysis restore functions such as speech and movement, according to its website . Neurotech startup Precision Neuroscience on Thursday announced that a core compo ... Read full article.