LexisNexis Launches Research Tool Nexis+AI to Unlock Insights from Licensed Data

LexisNexis launches Nexis+ AI, using generative AI to enhance corporate research capabilities by leveraging its vast library of licensed news and corporate data.

Key features and benefits: Nexis+ AI aims to accelerate data-intensive research and strategic decision-making for businesses:

• The platform allows users to quickly search and analyze business, financial, and legal information, summarize lengthy documents, compile and share content, create first drafts of intelligence reports, discover relevant data points, and deliver actionable business insights.
• It employs a multi-model approach, using AWS Bedrock, Anthropic’s Claude models, and Microsoft’s Azure OpenAI models to power its AI capabilities.
• Results include citations and links back to original source material, ensuring publishers’ intellectual property is respected and compensated.

Collaborative development process: LexisNexis engaged publishers early on and leveraged its reputation to create a platform that balances innovation with respect for content creators:

• The development process involved publishers from the start to ensure their perspectives were considered.
• LexisNexis conducted a commercial preview program with organizations from various sectors to refine the platform’s features.
• Developers worked to provide users with trustworthy research while being fair to publishers.

Data privacy and security: Nexis+ AI incorporates measures to protect user data and uploaded documents:

• Query results can be saved in a secure space, and any documents an organization uploads for AI processing are not retained.
• The platform’s focus on using licensed content sources helps ensure the knowledge and answers generated are reliable.

Analyzing deeper: LexisNexis positions Nexis+ AI as an attractive proposition for both publishers and corporate clients by striking a balance between technical innovation and respect for content creators’ rights. However, the article does not delve into the specific terms of the licensing agreements with publishers or how they will be compensated for AI-driven content use. Additionally, while the platform currently provides citations and links to original sources, it remains to be seen how this attribution model will evolve as automated information retrieval, summary, and delivery become likely next steps for Nexis+ AI.