LexisNexis Introduces AI-Powered Research Tool for Legal and Corporate Professionals

LexisNexis Legal & Professional Launches AI Research Tool Nexis+ AI - AdvisorShares Dorsey Wright ADR ETF (NASDAQ:AADR), Trust for Professional Managers ActivePassive International Equity ETF (ARCA:APIE)

It can also create first drafts and outlines of intelligence reports and quickly come up with business insights. LexisNexis launched a research tool Wednesday that uses artificial intelligence to boost corporate research capabilities. The information research company, a subsidiairy of RELX PLC RELX, has developed Nexis+ AI, a research platform that provides access to more than 20,000 news providers such as The Associated Press, Gannett, McClatchy, Benzinga and FiscalNote - CQ Roll Call. The technology, which is offered through LexisNexis Legal & Professional, is designed to allow end users to research and analyze business, financial and legal information and news, extract relevant information from lengthy documents and summarize and share content. It can also create first drafts and outlines of intelligence reports and quickly come up with business insights, LexisNexis said. "Business leaders across nearly every industry tell us they need deeper, more accurate insights to better facilitate timely decisions, but they find the amount of corporate data daunting and the process time consuming. Todd Larsen, president of Nexis Solutions, said in a statement. Also Read: As Nvidia, Microsoft, And Google Lead AI Boom, Taiwan's Chief Telecom President Calls For 'Entirely New' Data Center Infrastructure "Recognizing this, we've created Nexis+ AI to accelerate data-intensive research and strategic decision-making." LexisNexis said AI+ Nexis also features intellectual property and copyright protection through longstanding, and in some cases exclusive, content licensing agreements with publishers that provides direct links to original source material. Earlier this year, LexisNexis tested Nexis+ AI's commercial application on a number of organizations that included large corporations, financial institutions and six major consulting firms to ensure further refinement of the platform. "The launch of Nexis+ AI represents a significant first milestone in our mission to provide organizations with the tools they need to accelerate company research and make informed business decisions," said Dani McCormick, vice president of product for Nexis Solutions. Read Now: Why Key Apple, Nvidia Supplier TSMC's Shares Are Plunging In Wednesday's Premarket Illustration via Pixabay. Market News and Data brought to you by Benzinga APIs

LexisNexis Unveils AI Platform for Corporate Research

LexisNexis Legal & Professional launched its AI-powered research tool, Nexis+ AI, on Wednesday (July 17). The platform aims to transform how companies gather and analyze critical business information, leveraging generative artificial intelligence (AI) to sift through vast amounts of data at unprecedented speeds. The launch comes as businesses across industries grapple with information overload, seeking to extract actionable insights from an ever-growing data deluge. Nexis+ AI claims to address this challenge with features such as rapid research analysis, document summarization, and automated report generation. "Business leaders across nearly every industry tell us they need deeper, more accurate insights to better facilitate timely decisions, but they find the amount of corporate data daunting and the process time consuming," Todd Larsen, president of Nexis Solutions, said in a news release. At the heart of Nexis+ AI's offering is a repository of licensed content, including over 20,000 titles from major publishers. This approach sets LexisNexis apart in an AI landscape fraught with copyright concerns. The company said in the news release that its long-standing relationships with publishers allow for "contextually relevant, GenAI-derived answers, with direct links to the original source material," potentially mitigating the risk of AI hallucinations that have plagued other generative AI tools. For publishers, the platform promises to respect intellectual property rights while ensuring fair compensation. "We're committed to presenting content transparently and in context to preserve brand integrity," a company statement said. As AI technologies face scrutiny, LexisNexis is emphasizing its commitment to responsible development. The company adheres to the RELX Responsible AI Principles and employs over 2,000 technologists and data scientists to validate its solutions. Nexis+ AI uses retrieval augmented generation (RAG) to enhance the accuracy of its AI models, drawing from thousands of trusted sources. This approach aims to address concerns about AI reliability in high-stakes business environments. The platform's development involved over 700 hours of customer interviews and a commercial preview program that included major financial institutions and consulting firms. "The launch of Nexis+ AI represents a significant first milestone in our mission to provide organizations with the tools they need to accelerate company research and make informed business decisions," said Dani McCormick, vice president of product at Nexis Solutions, in the news release. As Nexis+ AI rolls out to a broader user base, its performance will be closely watched by both competitors and potential clients. The platform's success could signal a new era in AI-powered business intelligence, potentially reshaping how companies approach research and decision-making.