Facebook has paid a reported $500m to $1bn to acquire neural interface technology developer Ctrl-Labs, which had raised $67m from investors including GV and Alexa Fund.

Social media company Facebook acquired Ctrl-Labs, a US-based neural interface platform developer backed by e-commerce firm Amazon and internet technology conglomerate Alphabet, for between $500m and $1bn, sources told CNBC. A spokesperson for Facebook told CNBC the transaction was sized at less than $1bn but did not confirm how much the corporate paid. Founded in…

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