LexisNexis Enhances Business Research Using GenAI Technology

Artificial Intelligence Powers LexisNexis’s New Offering

### Streamlining Research with Nexis+ AI

LexisNexis has introduced a generative AI solution known as Nexis+ AI. This new tool leverages large language models (LLMs) to expedite the research process for its vast repository of news, legal filings, and business information.

Traditionally, users have relied on the trusty search engine of LexisNexis. However, even with neural search technology, the overwhelming amount of data can be daunting. Nexis+ AI aims to simplify this.

### Methods of Speeding Up Research

Nexis+ AI uses LLMs in several innovative ways. First, it provides summaries of documents, helping users quickly determine relevance.

Second, an interactive question-and-answer feature allows researchers to delve deeper into content. Lastly, researchers can save snippets of useful information and store them for later use, streamlining the entire process.

### Real-World Impact

McCormick from LexisNexis highlights how this tool can significantly cut down research time. Depending on the size of the report, tasks that once took hours can be completed in a fraction of the time.

Nexis+ AI uses several LLMs such as Anthropic Claude on AWS Bedrock and OpenAI’s GPT models on Microsoft Azure. The tool employs retrieval-augmented generation (RAG) to ensure accuracy, while another framework tackles hallucinations.

### Intellectual Property and Future Roadmap

Publisher concerns about intellectual property and context are addressed by attaching metadata to snippets. This makes sure that original sources are credited.

LexisNexis has a robust roadmap for further GenAI product development. This marks just the beginning of their journey towards more efficient research solutions.

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