Tesla, Inc. (TSLA) CEO Elon Musk wants to upload thoughts to your brain. According to a Wall Street Journal report, the 45-year-old billionaire has launched his fourth company, Neuralink – a startup that focuses on "neural lace" technology, or technology that connects human brains with computers.

To do this, the company uses implantable brain electrodes that act as an additional artificial intelligence layer in conjunction with the organ's neuron networks. The startup is registered as a medical research company and already has big names in the industry associated with it. The WSJ report states that Neuralink's first products could be implantable electrodes that could be used to treat diseases related to the brain, such as depression or Parkinson's disease. Subsequently, it could move on to products that "enhance cognitive function." (See also: Elon Musk: Success Story.)

Musk used a combination of equity funds and personal cash to finance the company. He is already the CEO of electric car maker Tesla and chairman of space company SpaceX, and he recently launched the Boring Company, a startup that intends to drill holes through the earth to develop a 3D transportation network system that eases traffic congestion. (See also: Musk Reveals Details About His Boring Plan.)

Musk's newest company has its root in the disconnect in the data processing capabilities between computers and humans. Humans find it difficult to process and understand an increasingly data-driven world. In contrast, the capabilities of computers like Watson have increased exponentially due to advances in technology. Musk has proposed developing a "direct cortical interface" by implanting electrodes to enhance human intelligence. DARPA is engaged in a similar venture to develop an implantable neural interface that can receive and process information from up to 1 million neurons. (See also: The Other Side of Watson's AI Solution.) 

As the WSJ report points out, Musk has already alluded to his intentions regarding artificial intelligence. For example, he tweeted in January that an announcement related to his work on neural lace technology might come soon. He has also spoken at length about the dangers of artificial intelligence taking over humanity and started a nonprofit called OpenAI to chart a safer path toward the future. At the same time, he has also profited from his AI investments. For example, DeepMind, the U.K.-based AI startup that he invested in, was bought by Alphabet Inc. (GOOG​) subsidiary Google for more than $500 million. But Musk told Vanity Fair that his investment was a means "to keep an eye on the arc of AI." According to the WSJ report, Facebook, Inc. (FB) also recently advertised for brain-computer interface engineers. (See also: Investing in the Healthcare Sector.)

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