Elon Musk’s acquisition of Twitter for roughly $54 billion in 2022 sent shockwaves through the business world. The effects have only just begun throughout the tech industry. Before the dust has settled, Musk is already looking into his next venture. As a result, the list of the next Elon Musk companies grows by the day.
In particular, Musk’s recent endeavors have leaned toward high-tech applications such as artificial intelligence. Neuralink, one of Musk’s most recent ventures, has captured the world’s attention due to reported developments underway.
Based on Neualink’s potential development, Elon Musk’s list for acquisition features companies with brain computing applications. Since Neuralink is still in its startup phase, splurging on a brand-new acquisition may not be in the cards for now. Nevertheless, it is worth looking at the company that has piqued Musk’s interest.
The Emergence of Brain Computing
Neuralink is currently researching applications in the area of brain computing. Specifically, brain computing involves installing hardware (i.e., microchips) into the human brain. This application allows people to connect with a broader information network. For instance, people could access anything from weather forecasts to entertainment predictions.
Brain computing will allow users to sync their cognitive capabilities with the Internet of Things. Additionally, brain computing promises to connect people in a hive mentality. This application could potentially revolutionize communication, making phones and computers obsolete.
Musk has called his company’s products “a Fitbit in your skull.” Early FDA-approved testing in people has been met with mixed results.
Fierce Competition
On the flip side, Neuralink has fierce competitors. Synchron, a rival brain computing firm, has reportedly made significant advances leaving Neuralink behind. This situation has prompted Must to approach Synchron’s CEO, Thomas Oxley, about a potential acquisition.
Synchron announced the launching of an FDA-approved study in which brain implants could help severely paralyzed individuals communicate. The proposed technology requires a minimally invasive intervention that lasts under two hours.
The research and study have been supported by a $10 million grant from the National Institutes of Health’s Neural Interfaces Program. Thus far, it seems that Synchron has jumped out to an early lead in the brain computing race.
Synchron is seriously pushing toward making neural implants a viable technology within the next decade. As a result, Musk, among other industry titans, wants to get in early. The potential payoff could be astronomical if such technologies can prove viable.
Possible Acquisition or Joint Venture
At this point, it remains unclear whether Synchron and Neuralink would engage in a joint venture. However, it is clear that Synchron is on Musk’s shopping list. Musk’s desire to capture Synchron has been fueled by his apparent displeasure with Neuralink’s slow progress.
According to reports, Musk has been noticeably frustrated with the lack of advancements at Neuralink. Synchron’s recent announcement has added fuel to Musk’s fire. Now, more than ever, it seems Musk is committed to making Neuralink a success or taking over the competition.
If the Twitter deal is any indication, Musk is willing to play hardball. Musk initially sought control of Twitter aggressively. His abrupt about-face midway through negotiations perplexed many industry insiders.
But now that the Twitter deal is complete, Musk’s apparent willingness to walk away from the deal seems like nothing more than a negotiation ploy. If Musk is serious about acquiring Synchron, he will be looking to make a big move soon enough. But betting on Musk pursuing Synchron in the next future is unlikely.
The odds of Musk waltzing into Synchron headquarters, as he did at Twitter, is like placing a bet on entertainment. It may be fun, but it would ultimately be a long shot.
The Next Elon Musk Companies
Beyond Synchron, the next Elon Musk companies need to deal with Musk’s current ventures. Musk has expressed interest in developing a cryptocurrency specific to Twitter. Perhaps the acquisition of a cryptocurrency issuer is on the horizon.
Similarly, Tesla continues to show cracks in its façade. Musk has not been shy about expressing interest in maintaining greater control over his supply chain. This desire may signal the acquisition of relevant Tesla suppliers. Only time will tell what Elon Musk has up his sleeve. One thing is certain: Musk is not planning to sit on his hands and wait.
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