Nigeria, July 24 -- Tesla CEO Elon Musk's brain-computer technology company Neuralink is aiming for the stratosphere with a vision to make over $1 billion a year in revenues by 2031.

Backing its ambition is a vision to implant its neural interface technology in 20,000 individuals every year.

Neuralink is set to mass-produce its brain chips, beginning with a product known as Telepathy, according to company documents viewed by Bloomberg. The product will allow people to control digital devices by thinking, a paradigm-shifting achievement in neurotechnology.

In early human tests now, Neuralink has implanted devices in fewer than 10 patients. The company, however, is expecting full regulatory clearance in the United States to market its fi...