Breaking news

Paradromics Breaks Ground with First Human Brain-Computer Interface Implant

Neurotech startup Paradromics has made headlines by successfully implanting its brain-computer interface (BCI) in a human for the first time. This milestone took place at the University of Michigan, with the device being inserted and removed in a swift 20-minute procedure during epilepsy-related neurosurgery.

The Paradromics BCI strives to revolutionize communication for individuals with severe motor impairments, enabling them to use computer systems with brain signals alone. The company’s future clinical trials, set for later this year pending regulatory approval, aim to explore the technology’s long-term viability in humans.

“We’re incredibly excited to move into the clinical stage,” said Matt Angle, founder and CEO of Paradromics. “This success is a testament to our commitment to enhancing BCI technologies.”

While Paradromics’ BCI awaits official clearance from the FDA, this achievement underscores a promising future for BCIs. The company has already demonstrated its skills in animal models, showcasing its ability to capture detailed brain activities at the neuronal level.

Paradromics joins the ranks of other pioneers such as Elon Musk’s Neuralink, Synchron, and Precision Neuroscience in driving forward the BCI space. With almost $100 million in funding and a strategic edge, Paradromics is on track to redefine neurotechnology.

Airbnb Unveils Reserve Now, Pay Later Option For U.S. Guests

Introduction

Airbnb has introduced an innovative payment solution designed to enhance user flexibility for U.S. travellers. The new “Reserve Now, Pay Later” feature enables users to secure a booking without an upfront payment, offering a streamlined cancellation process should plans change.

Flexible Payment Terms

This new option applies to listings that feature either flexible or moderate cancellation policies. Under a flexible policy, guests can cancel their reservation up to 24 hours before check-in, while a moderate policy offers no-fee cancellations until five days prior to arrival.

Payment Timing and Reminders

Regardless of the cancellation window, guests are obligated to complete the full payment before the expiration of the free cancellation period. Airbnb ensures a smooth experience by sending timely payment reminders to avoid any last-minute issues.

Evolution of Airbnb’s Payment Solutions

This initiative builds on Airbnb’s previous forays into flexible payment structures. In 2018, the company offered a partial upfront payment model, and more recently, a collaboration with Klarna enabled guests to pay in four installments over six weeks. Such strategic advancements demonstrate Airbnb’s commitment to adapting and refining its payment solutions to meet evolving consumer demands.

Consumer Insight Driving Innovation

Airbnb’s decision to launch the “Reserve Now, Pay Later” feature reflects robust consumer demand, with recent surveys indicating that 55% of respondents prefer flexible payment options. Additionally, 42% noted missed opportunities due to payment complexities when coordinating with travel companions, underlining the need for simplified financial arrangements.

Conclusion

By enhancing payment flexibility, Airbnb not only broadens its appeal but also addresses critical customer pain points, reinforcing its position as a leader in the evolving travel market. This initiative exemplifies how strategic innovation can drive customer satisfaction in an increasingly competitive landscape.

The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter