Musk–Altman Battle Heats Up With OpenAI’s Reported $850M Bet On Neuralink Competitor

OpenAI’s ventures team is expected to contribute the bulk of the financing in Merge Labs’ $850 million valuation round, the Financial Times said.

OpenAI and co-founder Sam Altman are reportedly set to back a startup that would compete with Elon Musk’s Neuralink.

According to a report by the Financial Times, the company in question is Merge Labs. It is seeking funds at an $850 million valuation, with OpenAI’s ventures team expected to provide the bulk of the capital.

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