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Friday, February 23, 2024

Elon Musk reincorporates brain-chip implant firm that placed first chip in human patient

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Elon Musk has moved Neuralink’s state of incorporation. Neuralink is a brain-chip implant company that placed its first chip in a human patient.

Elon Musk, the owner of brain-chip implant company, Neuralink, changed its location of incorporation from Delaware to Nevada, according to the business portals of both states.

A week ago Musk claimed his automaking company, Tesla, launched a new tab to hold a shareholder vote to move its incorporation to Texas from Delaware after a judge nullified his $56 billion pay package.

Legal experts warned moving Tesla’s place of incorporation might lead to investor litigation, especially if it was regarded as a maneuver to ensure his compensation package.

Musk announced last week that Neuralink has implanted its first brain chip in a patient who was recovering well.

Conclusion

Elon Musk, the owner of brain-chip implant company Neuralink, has moved its state of incorporation from Delaware to Nevada. This comes after a judge invalidated Musk’s $56 billion pay package. Legal experts suggest that this move could lead to investor lawsuits. Neuralink is a brain-chip implant company that implanted its first chip in a human patient.

Nitin Gohil

A Mumbai-based tech professional with a passion for writing about his field: through his columns and blogs, he loves exploring and sharing insights on the latest trends, innovations, and challenges in technology, designing and integrating marketing communication strategies, client management, and analytics. His favourite quote is, "Let's dive into the fascinating world of tech together."

Nitin Gohil
Nitin Gohil
A Mumbai-based tech professional with a passion for writing about his field: through his columns and blogs, he loves exploring and sharing insights on the latest trends, innovations, and challenges in technology, designing and integrating marketing communication strategies, client management, and analytics. His favourite quote is, "Let's dive into the fascinating world of tech together."

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