LexisNexis, a number one supplier of authorized, company, authorities and tutorial information options, has been named the Finest General AI Firm on the prestigious 2024 AI Breakthrough Awards. This marquee honor acknowledges LexisNexis’ pioneering work in synthetic intelligence and machine studying throughout its product portfolio.
The AI Breakthrough Awards acquired over 2,500 nominations from greater than 20 international locations this 12 months, showcasing the unbelievable innovation taking place within the AI discipline. An skilled panel of judges evaluated nominees based mostly on standards like innovation, design, consumer expertise and general technological development. LexisNexis stood out for its wide-ranging AI capabilities that extract insights from large information units to empower higher choice making.
“We’re thrilled to obtain this recognition as the highest AI firm from the AI Breakthrough Awards,” stated Sean Fitzpatrick, CEO of LexisNexis North America, UK and Eire. “AI is core to our mission of enhancing skilled productiveness and unlocking new alternatives by means of data-driven insights.”
On the forefront of LexisNexis’ AI efforts is Lexis+ AI, a authorized generative AI digital assistant launched in October 2003. This spring, LexisNexis launched the second-generation of Lexis+ AI with enhanced options to the ask, draft, summarize, and add portfolio.
Lexis+ AI leverages giant language fashions and multimodal studying to know advanced queries, analyze paperwork, conduct analysis and supply summarized insights backed by authoritative linked authorized citations. Since its launch final 12 months, Lexis+ AI has been quickly adopted by regulation corporations, company authorized departments and authorities companies.
“LexisNexis is reworking how authorized professionals work by accelerating analysis, drafting and evaluation by means of AI,” stated Fitzpatrick. “Our imaginative and prescient is for each skilled to have a custom-made digital assistant to reinforce their capabilities and productiveness.”
Past authorized, LexisNexis is infusing AI throughout its threat options, company intelligence, information and tutorial choices. Superior machine studying fashions energy capabilities like:
- Automated due diligence to quickly floor threat indicators
- AI-driven monitoring for monetary crimes and compliance
- Clever looking and summarization of analysis publications
- Extraction of insights from patents, public data and information information
“The previous 12 months has been a real breakthrough for AI with generative AI, giant language fashions and multimodal capabilities revolutionizing purposes throughout industries,” stated Steve Johansson, Managing Director of AI Breakthrough Awards. “LexisNexis exemplifies this excellence, pushing boundaries whereas delivering high-impact, sensible AI options.”
LexisNexis continues investing closely in AI analysis and improvement, with over 500 information scientists working to advance the fashions underpinning its merchandise. As a frontrunner in skilled AI options, LexisNexis is dedicated to growing AI responsibly and ethically. The corporate companions carefully with prospects to make sure its AI choices are correct, unbiased and aligned with the newest AI governance finest practices.
This Finest General AI Firm award acknowledges LexisNexis’ a long time of pioneering AI innovation and its imaginative and prescient for empowering professionals throughout sectors with digital AI assistants. As breakthrough AI capabilities emerge, LexisNexis stays well-positioned to assist its prospects and society navigate and profit from this transformative expertise.
