Important Takeaways:

• Elon Musk’s Neuralink Raises $280 Million to Develop Brain Implants
• Neuralink Corp., Elon Musk’s brain-implant company, has raised $280 million in new funding from investors to develop its technology.
• The startup announced the funding round in a post on Musk’s X social network, formerly known as Twitter. The deal was led by Founders Fund, a venture capital firm backed by billionaire Peter Thiel.
• Neuralink is the best-known player in a growing field of brain technology companies. Partly spurred by Neuralink’s high profile, investors have backed dozens of other startups exploring similar technology.
• One rival, Synchron Inc., enrolled its first patient in a US clinical trial last year, beating Neuralink to that milestone.
• Neuralink recently received approval from the US Food and Drug Administration to conduct human clinical trials. The company is developing a small device that uses electrode-laced wires to link the brain to a computer. Placing the device requires drilling into the skull

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