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

The new venture will go head-to-head with Elon Musk’s brain chip startup Neuralink. Altman is reportedly betting that AI can give his chips an edge over existing competitors. OpenAI did not immediately respond to a request for comment from Gizmodo.

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.