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Neuralink has initiated its "CONVOY Study" to determine if its brain-computer interface (BCI) can enable patients to control a robotic arm, following the "PRIME Study" which assessed safety and utility. Two human patients have already been implanted, and recruitment for a new trial in Canada is underway for those with quadriplegia. The company continues to face competition in the BCI field, with no FDA-approved devices for commercialization yet.
Elon Musk's $119 million investment in Donald Trump's campaign aims to reshape government regulations that hinder innovation for his companies, including Tesla and SpaceX. As he gains influence, concerns arise about prioritizing innovation over safety, particularly regarding Tesla's Full Self-Driving system, currently under investigation by the NHTSA. Musk's political maneuvering could lead to a regulatory environment more favorable to electric vehicles, but it raises critical questions about the balance between innovation and public safety.
Precision Neuroscience Corp., a competitor to Neuralink, has successfully raised $93 million in a funding round, nearing its $100 million target. This funding values the company at approximately $500 million, positioning it to challenge Neuralink, which has secured over $685 million, and other players like Science, which has raised $150 million.
Donald Trump’s victory in the 2024 election is poised to benefit Elon Musk and his companies, particularly xAI, which may gain favor as a government contractor for AI services. The anticipated repeal of Biden's AI Executive Order could accelerate the development of AI models, enhancing competitiveness in the sector.Musk's other ventures, including Tesla, SpaceX, Starlink, and Neuralink, are also expected to thrive under a Trump administration, with potential reductions in regulatory burdens and expedited trials for new technologies.
Tesla investors are increasingly concerned about CEO Elon Musk's political activities, particularly his support for Donald Trump, which some believe may be harming the company's sales and brand integrity. Questions have arisen regarding the board's role in mitigating potential impacts on shareholder value, as Musk's political commentary has reportedly affected delivery numbers. Meanwhile, Tesla's brand value has declined, and shares are down 14% this year, reflecting broader market challenges and Musk's controversial engagement in politics.
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