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Musk predicted his Neuralink Corp. would carry out its first brain implant later this year. Image Credit: Bloomberg

Billionaire entrepreneur Elon Musk's brain-chip startup Neuralink said on Tuesday that it has received approval from an independent review board to start the first human trial of its brain implant for paralysis patients.

The study aims to test the safety and efficacy of Neuralink's wireless, implantable brain-computer interface, to enable people with paralysis to control external devices with their thoughts, the company said.

Neuralink said patients with paralysis due to cervical spinal cord injury or amyotrophic lateral sclerosis may qualify for the trial.