SAM ALTMAN, OPENAI WILL REPORTEDLY BACK A STARTUP THAT TAKES ON MUSK'S NEURALINK

Summary from the TLDR newsletter

Sam Altman is in the process of co-funding a new brain-computer interface startup called Merge Labs. He is raising funds for it using capital possibly coming largely from OpenAI's ventures team. Merge Labs is expected to be valued at $850 million - OpenAI has not yet committed to the deal, so terms could change. The startup will compete with Elon Musk's Neuralink, which currently has a device in trials for people who suffer from severe paralysis.