Elon Musk’s startup Neuralink streamed a live video on Wednesday that showed a patient using the company’s brain implant to move a mouse and play chess on a computer.
Noland Arbaugh, 29, is the first human patient to ever get implanted with Neuralink’s device. The company is developing a brain-computer interface, or a BCI, that aims to help patients with severe paralysis control external technologies using only neural signals. Neuralink’s first product is called Telepathy, Musk said in a post on his social media site X in January.
In the video Wednesday, which was streamed on X, Arbaugh said he became a quadriplegic after suffering a diving accident around eight years ago. He said the surgery to get Neuralink’s implant, which requires patients to remove a portion of their skull to insert electrodes into the brain tissue, was “super easy.” He was released from the hospital the next day, he said.
“It’s not perfect, I would say that we have run into some issues,” Arbaugh said. “I don’t want people to think that this is the end of the journey, there’s still a lot of work to be done, but it has already changed my life.”
A BCI is a system that deciphers brain signals and translates them into commands for external technologies. If the system functions properly, patients with severe degenerative diseases like ALS could eventually text or scroll through social media with their minds.
Several companies like Paradromics, Synchron, Blackrock Neurotech and Precision Neuroscience have developed BCI systems with these capabilities, and many of them have also implanted devices in human patients. Neuralink is particularly well known in the field due to the high profile of Musk, who is also the CEO of Tesla and SpaceX.
In many ways, the capabilities Neuralink demonstrated in its video Wednesday are not new. Dr. Nader Pouratian, chair of the Department of Neurological Surgery at UT Southwestern Medical Center, said researchers have been developing and studying BCI technology for years.
“There are things that we’ve been able to do for decades, like control a cursor in two dimensions, which actually, for those of us who are in the field, is extremely simple to do as soon as you can get any brain signal,” he told CNBC in an interview earlier this month.
He said there is a lot of excitement around BCIs, but admitted there is a host of practical challenges to work out, like how to interpret and analyze brain signals and make them useful. Pouratian said he thinks transparency from both academia and the broader BCI industry about advancements will be key for progress.
Neuralink began recruiting patients for its first in-human clinical trial in the fall after it received approval from the U.S. Food and Drug Administration to conduct the study in May 2023, according to a blog post. In January, Musk said the company implanted its device in a human for the first time, and that the patient, now revealed to be Arbaugh, was “recovering well,” according to a post on X.
Aside from Musk’s posts, Neuralink has shared very few details about the scope or the nature of its trial. As of Wednesday, the trial is not listed on the website clinicaltrials.gov, which is where most medical device companies share information about their research to help inform the public and other health-care professionals about their ambitions.
It is not clear how many patients are participating in Neuralink’s trial, or what the trial is trying to demonstrate. The company will have to go through several rounds of safety and efficacy testing before it can get the FDA’s final seal of approval and go to market.
Neuralink did not respond to CNBC’s request for comment.
There is reason to be hopeful about Neuralink’s technology, said Dr. Marco Baptista, chief scientific officer of the Christopher & Dana Reeve Foundation, which provides resources to people who have become paralyzed. He told CNBC in early March that BCI technology could make a meaningful impact on patients, but like all emerging devices, Neuralink’s system should be regarded with skepticism.
He said he would like to see more traditional scientific reports from Neuralink to learn more about its technology, for instance. Neuralink is listed as an author on one white paper from 2019, according to PubMed.
“I’m hopeful that this information will start to come out through these mechanisms that are needed in science, and that is through peer reviewed publications,” Baptista said. “That hasn’t happened yet. Other companies are doing it.”
Founded in 2022, ElevenLabs is an AI voice generation startup based in London. It competes with the likes of Speechmatics and Hume AI.
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LONDON — ElevenLabs, a London-based startup that specializes in generating synthetic voices through artificial intelligence, has revealed plans to be IPO-ready within five years.
The company told CNBC it is targeting major global expansion as it prepares for an initial public offering.
“We expect to build more hubs in Europe, Asia and South America, and just keep scaling,” Mati Staniszewski, ElevenLabs’ CEO and co-founder, told CNBC in an interview at the firm’s London office.
He identified Paris, Singapore, Brazil and Mexico as potential new locations. London is currently ElevenLabs’ biggest office, followed by New York, Warsaw, San Francisco, Japan, India and Bangalore.
Staniszewski said the eventual aim is to get the company ready for an IPO in the next five years.
“From a commercial standpoint, we would like to be ready for an IPO in that time,” he said. “If the market is right, we would like to create a public company … that’s going to be here for the next generation.”
Undecided on location
Founded in 2022 by Staniszewski and Piotr Dąbkowski, ElevenLabs is an AI voice generation startup that competes with the likes of Speechmatics and Hume AI.
The company divides its business into three main camps: consumer-facing voice assistants, integrations with corporates such as Cisco, and tailor-made applications for specific industries like health care.
Staniszewski said the firm hasn’t yet decided where it could list, but that this decision will largely rest on where most of its users are located at the time.
“If the U.K. is able to start accelerating,” ElevenLabs will consider London as a listing destination, Staniszewski said.
The city has faced criticisms from entrepreneurs and venture capitalists that its stock market is unfavorable toward high-growth tech firms.
Meanwhile, British money transfer firm Wiselast month said it plans to move its primary listing location to the U.S.,
Fundraising plans
ElevenLabs was valued at $3.3 billion following a recent $180 million funding round. The company is backed by the likes of Andreessen Horowitz, Sequoia Capital and ICONIQ Growth, as well as corporate names like Salesforce and Deutsche Telekom.
Staniszewski said his startup was open to raising more money from VCs, but it would depend on whether it sees a valid business need, like scaling further in other markets. “The way we try to raise is very much like, if there’s a bet we want to take, to accelerate that bet [we will] take the money,” he said.
Synopsys logo is seen displayed on a smartphone with the flag of China in the background.
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The U.S. government has rescinded its export restrictions on chip design software to China, U.S.-based Synopsys announced Thursday.
“Synopsys is working to restore access to the recently restricted products in China,” it said in a statement.
The U.S. had reportedly told several chip design software companies, including Synopsys, in May that they were required to obtain licenses before exporting goods, such as software and chemicals for semiconductors, to China.
The U.S. Commerce Department did not immediately respond to a request for comment from CNBC.
The news comes after China signaled last week that they are making progress on a trade truce with the U.S. and confirmed conditional agreements to resume some exchanges of rare earths and advanced technology.
The Datadog stand is being displayed on day one of the AWS Summit Seoul 2024 at the COEX Convention and Exhibition Center in Seoul, South Korea, on May 16, 2024.
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Datadog shares were up 10% in extended trading on Wednesday after S&P Global said the monitoring software provider will replace Juniper Networks in the S&P 500 U.S. stock index.
S&P Global is making the change effective before the beginning of trading on July 9, according to a statement.
Computer server maker Hewlett Packard Enterprise, also a constituent of the index, said earlier on Wednesday that it had completed its acquisition of Juniper, which makes data center networking hardware. HPE disclosed in a filing that it paid $13.4 billion to Juniper shareholders.
Over the weekend, the two companies reached a settlement with the U.S. Justice Department, which had sued in opposition to the deal. As part of the settlement, HPE agreed to divest its global Instant On campus and branch business.
While tech already makes up an outsized portion of the S&P 500, the index has has been continuously lifting its exposure as the industry expands into more areas of society.
Stocks often rally when they’re added to a major index, as fund managers need to rebalance their portfolios to reflect the changes.
New York-based Datadog went public in 2019. The company generated $24.6 million in net income on $761.6 million in revenue in the first quarter of 2025, according to a statement. Competitors include Cisco, which bought Splunk last year, as well as Elastic and cloud infrastructure providers such as Amazon and Microsoft.
Datadog has underperformed the broader tech sector so far this year. The stock was down 5.5% as of Wednesday’s close, while the Nasdaq was up 5.6%. Still, with a market cap of $46.6 billion, Datadog’s valuation is significantly higher than the median for that index.