Newcastle's Literal Labs has secured £4.6M in pre-seed funding to advance its innovative logic-based AI algorithms. The investment, led by Northern Gritstone and co-led by Mercuri, aims to commercialize the company's groundbreaking technology. Founded by experts Dr. Alex Yakovlev and Dr. Rishad Shafik, and recently led by former Arm executive Noel Hurley, Literal Labs is built on the Tsetlin machine's foundation. Their algorithms achieve remarkable benchmarks, delivering significantly faster inference and reduced energy use compared to traditional neural networks, making them ideal for companies facing regulatory challenges or seeking to enhance efficiency.
Literal Labs has redefined AI with logic-based algorithms, providing faster, more energy-efficient, and more explainable alternatives to existing neural networks.
The Tsetlin machine architecture enables Literal Labs' AI systems to efficiently process and infer results, showcasing exceptional capabilities compared to traditional models.
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