fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Lifestyle Technology

Will Elon Musk’s Neuralink Go the Theranos Way? Or Does It Make Perfect Business Sense?

Neuralink is perhaps the most futuristic idea that came out of Elon Musk’s mind

Marifur Rahman by Marifur Rahman
December 7, 2022
in Technology, The Global Economics, Top Stories
Reading Time: 2 mins read
0
Will Elon Musk’s Neuralink Go the Theranos Way? Or Does It Make Perfect Business Sense?

Will Elon Musk’s Neuralink Go the Theranos Way? Or Does It Make Perfect Business Sense?

30
SHARES
164
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

Will Neuralink Brain on a Chip Be a Business Success?

Neuralink is perhaps the most futuristic idea that came out of Elon Musk’s mind. The American company has been giving hope to thousands of disabled people across the world. And this is where the skepticism begins. With such ambitious promises comes the risk that those promises are just hollow PR announcements. In the recent past, we have seen how Elizabeth Holmes promised a device that could do ad hoc blood tests, come up with accurate test results, and even adjust the doses based on the results. All those proved to be empty promises. Is Neuralink the new Theranos?

Brain-on-a-Chip Vs Lab-on-a-Chip

What Holmes was working on is technologically known as the lab-on-a-chip. What Musk is working on is technically called the brain-on-a-chip. At present, Lab-on-a-Chip technology is at a nascent stage. It is used to detect pregnancy or, in the most recent case – to detect the presence of the Covid-19 virus. However, it can’t be used to conduct more sophisticated blood tests that currently require specialised equipment.

Neural-Interfacing Is Already an Established Field

The technology behind Musk’s Neuralink is already in practical use. The idea might seem far-fetched or perhaps too good to be true. But the concept of neural interfacing has been successfully demonstrated in several studies. Neural interfacing is the concept of linking the nervous system with a non-human technological implant.

Cochlear Implant Is Quite Similar to Neuralink

Cochlear implants are used by people who have extreme difficulty in hearing. The implant consists of a microphone that sends external noise to a processor- another part of the implant. The processed noise is then picked up by the receiver implanted inside the ear. It converts the processed noise into electrical impulses, which are then distributed to auditory nerves with an array.

Hence the practical uses of the brain-machine interface are already there right in front of us.

The Business Prospect of Brain-Computer Interface

Innovations like Neuralink have a bright future ahead of them if market research is anything to go by. Across the globe, the neural-interface business is expected to grow at a CAGR of 12.4%. The market share of such devices is going to cross 356.9 million US dollars within five years. According to CrunchBase, Neuralink has received total funding of $373 million, of which $205 million came from external investors.

Some Challenges

Despite a promising future, Elon Musk’s Neuralink has to face some challenges as well.

The first challenge, of course, will come in the form of compliance and ethics. According to a Reuters report, Neuralink has been accused of unnecessarily and cruelly killing more than 1500 animals since 2018. Authorities are investigating Neuralink’s role in animal cruelty under the Animal Welfare Act.

From a philosophical point of view as well, the company will face resistance from people who might think inserting a chip into the brain is some kind of abomination.

Secondly, from a business point of view, Elon Musk is notorious for leaving projects unfinished. The Boring Company is a perfect example of that. People won’t like to have something in their heads that might stop getting support in the near future.

Tags: Elizabeth HolmesElon MuskNeuralinkTheranos
Marifur Rahman

Marifur Rahman

Marifur Rahaman is a news analyst who loves to use data analytics to explain political and business news and present insights hidden behind the mountain of information and noise. A student of English literature, Rahaman explores the human angle associated with every news.

Related Posts

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit
Ultility

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

by Riya Thomas
February 1, 2023
investment
The Global Economics

Adani Enterprises To Get $400 mn From Abu Dhabi’s IHC

by Marifur Rahman
January 31, 2023
Oil storage tank
Islamic

Saudi Arabia Lowers Crude Prices For Asia, Not For the US

by Anuj Singh
January 31, 2023
Adani Group shares plunged, resulting in the erasure of $72 billion after three-day selloffs
Funds

72 Billion Wiped Out: Adani Group Shares Plunge After Three-Day Selloffs

by Riya Thomas
January 30, 2023
A girl using a smartphone
Digital

China’s 2022 Smartphone Sales Plunge to the Lowest Level in a Decade

by Khushboo Pandey
January 30, 2023
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Lebanon currency devaluation

Lebanon to Devalue Its Currency By 90%

February 1, 2023
A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

February 1, 2023
China To Boost Oil Demand By Up To 500,000 BPD PC: Reuters

Oil Cools Off on a Weak Dollar

February 1, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Receive the latest news

Subscribe To Our Weekly Newsletter

Get notified about new articles, delivered right into your email inbox.

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version