Tesla founder Elon Musk on Thursday unveiled plans for his newest company, called Neuralink Corp., to merge computers with brains so humans could one day engage in "consensual telepathy."

Neuralink is aiming to bring to the market a product that helps with certain severe brain injuries due to stroke, cancer lesion etc, in about four years, Musk said in an interview with website Wait But Why.

"If I were to communicate a concept to you, you would essentially engage in consensual telepathy," Musk said in the interview published on Thursday.

"There are a bunch of concepts in your head that then your brain has to try to compress into this incredibly low data rate called speech or typing," Musk said in the interview.

"If you have two brain interfaces, you could actually do an uncompressed direct conceptual communication with another person."

The technology could take about eight to 10 years to become usable by people with no disability, which would depend on regulatory approval timing and how well the devices work on people with disabilities, Musk was quoted as saying.

Neuralink was registered in California as a "medical research" company last July.