<ul><li>UK-based Literal Labs raises £4.6M (almost €5.45M) in pre-seed funding led by Northern Gritstone and Mercuri.</li><li>Literal Labs develops logic-based AI algorithms showing faster computation, reduced energy usage, and enhanced explainability compared to neural networks.</li><li>The company, a spin-out from Newcastle University, utilizes the Tsetlin machine's propositional logic, achieving substantial performance improvements in MLPerf anomaly detection benchmarks.</li><li>Literal Labs plans to expand its engineering team, launch its first commercial product in 2025, and capitalize on its logic-based AI technology for enhanced efficiency and competitiveness in the AI market.</li></ul>

UK-based Literal Labs raises €5.4M to build logic-based AI algorithms: Know more

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