Facebook acquired a brain-computing startup for more than $500 million (FB)

Facebook has acquired a New York startup developing technology for people to control computers with their brains.

Facebook announced the acquisition of CTRL-labs on Monday, for an undisclosed sum. A report in Bloomberg said Facebook paid somewhere between $500 million and $1 billion for the company, citing anonymous sources.

"The vision for this work is a wristband that lets people control their devices as a natural extension of movement," Facebook executive Andrew Bosworth wrote in a blog postannouncing the deal.

The wristband will "decode" the signals sent from the neurons in a person's spinal cord that tell muscles in the body how to move. Those signals will be translated into digital signals that an electronic device can understand, Bosworth continued.

The wristband, he said, "captures your intention so you can share a photo with a friend using an imperceptible movement or just by, well, intending to."

This story is developing…

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