China has intensified the development of brain-computer interfaces (BCIs) through a series of state initiatives. Insurance companies, investment banks, and local authorities are involved in this process. South China Morning Post reports, as cited by UNN.
For years, Elon Musk has dreamed of overcoming a range of chronic diseases by implanting computer chips into the human brain. But this vision may become a reality fastest in China, where the state authorities are launching coordinated efforts to accelerate the development of a new industry
Over the past few days, China has announced a series of measures related to the development of brain-computer interfaces (BCIs).
On Wednesday, the state-owned insurance company PICC Property and Casualty announced the signing of China's first commercial insurance policy covering an invasive operation. Such surgical interventions may be necessary to implant a BCI in a patient's brain.
Local authorities, investment banks, and local authorities are also participating in the development of this technology.
The news shook the markets, and BCI-related stocks in Hong Kong rose as investors bet that a breakthrough in insurance would help accelerate the commercialization of the technology. Shares of BCI-related companies rose by 1.59 percent on Wednesday. Shares of Shanghai Heartcare Medical Technology, a manufacturer of neurointerventional medical devices, rose by 1.28 percent, while shares of software developer BrainAurora Medical Technology rose by 1.65 percent
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