Sam Altman is preparing to co-found a new company funded by OpenAI that will go up against Elon Musk's Neuralink.

Merge Labs will compete with Elon Musk’s Neuralink, which is developing computer interface chips designed to be implanted in the brain. Musk founded Neuralink in 2016 (although its existence wasn’t known until 2017) and the company has made serious progress.

The feud between OpenAI CEO Sam Altman and onetime cofounder Elon Musk may soon escalate with news that the former is starting his own brain-computer interface (BCI) company. As the Financial Times reports based on insider sources that OpenAI is weighing a major investment in Merge Labs,