gthuang88 writes: Display-tech guru Mary Lou Jepsen is leaving her post at Facebook/Oculus to work on a new startup called Open Water. Jepsen, a veteran of Google X and the MIT Media Lab, says the company will develop wearable MRI devices that could help doctors do early detection of cancer and neurodegenerative diseases. Inspired in part by musician Peter Gabriel, Open Water also hopes to use advances in neural imaging and brain-machine interfaces to create a system for reading and communicating human thoughts electronically. She believes there's huge potential in the manufacturing plants in Asia that are primarily used to make OLEDs and LCDs. "My big bet is we can use that manufacturing infrastructure to create the functionality of a $5 million MRI machine in a consumer electronics price-point wearable. And the implications of that are so big." At that price-point, every doctor's office in the world could afford such a device and use it to detect early stages of neurodegenerative disease, cancer, cardiovascular disease, internal bleeding, blood clots, and more.