Elon Musk’s Neuralink changes place of incorporation from Delaware to Nevada

Elon Musk’s brain-chip implant company, Neuralink, has changed its place of incorporation from Delaware to Nevada, according to business portals of both states.

The development comes about a week after Musk said Tesla was to move its state of incorporation from Delaware to Texas after a judge invalidated his $56 billion (roughly Rs. 4,64,880 crores) pay package. Will conduct a shareholder vote.

However, legal experts said changing the incorporation status for Tesla could raise hurdles such as investor lawsuits, especially if it is seen as a move to protect his pay package.

Musk said last week that Neuralink had implanted its first brain chip in a human patient, who is recovering well after the procedure.

Neuralink did not immediately respond to a Reuters request for comment.

In September 2023, the company received approval from an independent review board to begin recruitment for the first human trial of its brain implant for paralysis patients.

It said people paralyzed by cervical spinal cord injury or amyotrophic lateral sclerosis could qualify for the study, but did not say how many participants would be enrolled in the trial, which will take about six years to complete. .

Neuralink said the study will use a robot to surgically implant a brain-computer interface (BCI) implant into an area of ​​the brain that controls intention to move, and its initial goal is to help people To enable one to control the computer cursor or keyboard. Using your thoughts alone.

© Thomson Reuters 2024

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