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Sam Altman is in the process of co-founding a new brain-to-computer interface startup called Merge Labs and raising funds for it with the capital possibly coming largely from OpenAI’s ventures team, unnamed sources told the Financial Times.
The startup is expected to be valued at $850 million. A source familiar with the deal tells TechCrunch that talks are still early and OpenAI has not yet committed to participation, so terms could change.
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Sam Altman is in the process of co-founding a new brain-to-computer interface startup called Merge Labs and raising funds for it with the capital possibly coming largely from OpenAI’s ventures team, unnamed sources told the Financial Times.
The startup is expected to be valued at $850 million. A source familiar with the deal tells TechCrunch that talks are still early and OpenAI has not yet committed to participation, so terms could change.
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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