LexisNexis Legal & Professional has released an AI-powered research tool. Nexis+AIannounced Wednesday (July 17). The platform aims to transform the way companies collect and analyze critical business information by leveraging generative artificial intelligence (AI) to sift through massive amounts of data at unprecedented speed.
This launch is a milestone for companies around the world. The industry suffers from information overloadThey are trying to derive actionable insights from ever-growing amounts of data. Nexis+ AI claims to address this challenge with features like rapid investigative analysis, document summarization, and automated report generation.
“Business leaders in nearly every industry say they need deeper, more accurate insights Facilitate timely decision makingBut they are overwhelmed by the volume of corporate data and processes. it takes time“We are pleased to be partnering with NVIDIA to bring our technology to market,” said Todd Larsen, president of Nexis Solutions. news release.
At the heart of Nexis+ AI is a repository of over 20,000 licensed content titles from leading publishers, an approach that sets LexisNexis apart in the AI space. Copyright concerns.
In a news release, the company said its longstanding relationships with publishers allow it to “provide contextual, GenAI-driven answers to original “Source material” could potentially reduce the risk of AI hallucinations that have plagued other generative AI tools.
The platform promises publishers that it will ensure fair compensation while respecting intellectual property rights. “We are committed to presenting content transparently and in context to uphold the integrity of our brand,” the company statement said.
As an AI technology Face scrutinyLexisNexis Emphasizing Committed to responsible development. The company adheres to the RELX Responsible AI Principles and employs over 2,000 engineers and data scientists to validate solutions.
Nexis+ AI Search Extension Generation (RAG) improves the accuracy of AI models by sourcing data from thousands of trusted sources. This approach Aim to tackle Concerns about the reliability of AI in high-risk business environments.
The platform’s development involved more than 700 hours of customer interviews and a commercial preview program that included leading financial institutions and consulting firms.
“The launch of Nexis+ AI marks an important first milestone in our mission to accelerate enterprise research and provide organizations with the tools they need to make informed business decisions,” Dani McCormick, vice president of products at Nexis Solutions, said in a news release.
As Nexis+ AI is rolled out to a wider user base, its performance will be closely watched by both competitors and potential customers. The platform’s success could herald a new era of AI-powered business intelligence, transforming the way companies approach research and decision-making.
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