Organizations can now utilize Nexis+ AI's
transparent Gen AI capabilities to access trustworthy content
sources and powerful summarization to achieve faster time to
insights
NEW YORK, July 17, 2024 /PRNewswire/
-- LexisNexis® Legal & Professional, a
leading global provider of information and analytics, today
announced the commercial launch of Nexis+ AI™,
incorporating advanced generative AI-powered capabilities designed
to transform and accelerate corporate research, intelligence
gathering and business decision-making functions. Enhanced by more
than 700 hours of in-depth customer interviews, Nexis+ AI is
tailored to meet the evolving needs of modern businesses.
Corporations can now deploy Nexis+ AI's powerful research,
intelligence and document summarization features to find accurate
information effortlessly, gain a competitive advantage and boost
efficiency.
Trusted for over 50 years by thousands of corporations globally,
LexisNexis delivers critical business decisioning information from
a huge repository of licensed news publications and corporate data
on millions of companies. Nexis+ AI leverages a portfolio of over
20,000 licensed titles, with GAI rights granted by some of the
largest publishers and industry-recognized titles such as The
Associated Press, Gannett, McClatchy, Benzinga, FiscalNote - CQ
Roll Call, and many others. With Nexis+ AI, users can:
- Quickly research and analyze business, financial and legal
information and news;
- Summarize lengthy documents and extract relevant entities and
data points;
- Compile, organize and share content;
- Create first drafts or outlines of intelligence reports with a
few mouse clicks; and
- Derive actionable business insights with speed and
precision.
"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. Recognizing this, we've created Nexis+
AI to accelerate data-intensive research and strategic
decision-making," said Todd Larsen,
President of Nexis Solutions. "We worked closely with our customers
to develop Nexis+ AI's powerful tools that help organizations
gather corporate intelligence faster and seamlessly integrate into
their existing workflows for greater efficiency."
Publisher IP and Revenue Protection
With the growth in
popularity of AI and generative AI tools, publishers and content
owners have increasingly focused on protecting their copyright and
intellectual property. LexisNexis has long-standing, extensive -
and in some cases exclusive - content licensing agreements with
publishers. These relationships allow LexisNexis to deliver
contextually relevant, Gen AI-derived answers, with direct links to
the original source material, to help minimize the risk of AI
hallucinations.
With Nexis+ AI's publisher-first approach, publishers can:
- Ensure their intellectual property rights are respected,
knowing that their content is never used to train any AI models
without their knowledge or permission;
- Rest assured that their content is presented transparently and
in context to preserve brand integrity, with citations taking users
back to the source material; and
- Get paid fairly for the use of their content, whether that use
is by human or by machine.
Commitment to Excellence
Earlier this year, LexisNexis
launched a Nexis+ AI commercial preview program that granted early
access to a select number of organizations. The preview program
enrolled testers across a wide range of industries and professions,
including representatives from large corporates, financial
institutions, and six major consulting firms, among others, to
ensure further refinement of the platform's already advanced
features and functionality.
"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, Nexis Solutions
Strong Focus on Transparency, Data Accuracy, Privacy and
Security
LexisNexis' commitment to data security and privacy
spans more than 50 years. The company employs more than 2,000
technologists, data scientists and subject matter experts to
develop, test, and validate its solutions. With data privacy top of
mind among corporate executives considering Gen AI solutions,
LexisNexis, part of RELX, follows the RELX Responsible AI
Principles, considering the real-world impact of its solutions on
people and taking action to prevent the creation or reinforcement
of unfair bias.
Nexis+ AI also provides transparency and accuracy by design,
utilizing retrieval augmented generation (RAG) to enhance the
precision and reliability of generative AI models with information
fetched from thousands of trusted, authoritative sources.
For more information about Nexis+ AI, please visit
https://lexisnexis.com/NexisAI.
About LexisNexis Legal & Professional
LexisNexis® Legal & Professional provides
legal, regulatory, and business information and analytics that help
customers increase their productivity, improve decision-making,
achieve better outcomes, and advance the rule of law around the
world. As a digital pioneer, the company was the first to bring
legal and business information online with its
Lexis® and Nexis® services.
LexisNexis Legal & Professional, which serves customers in more
than 150 countries with 11,800 employees worldwide, is part of
RELX, a global provider of information-based analytics and decision
tools for professional and business customers.
Media Contact
Leela Bozonelis, Global Product
Marketing Director
Nexis Solutions, a Division of LexisNexis
leela.bozonelis@lexisnexis.com
Jennifer Johnston, Plat4orm
PR
jennifer@plat4orm.com
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