LexisNexis Named Best Overall AI Company at 2024 AI Breakthrough Awards

LexisNexis, a leading provider of legal, corporate, government and academic data solutions, has been named the Best Overall AI Company at the prestigious 2024 AI Breakthrough Awards. This marquee honor recognizes LexisNexis' pioneering work in artificial intelligence and machine learning across its product portfolio.

The AI Breakthrough Awards received over 2,500 nominations from more than 20 countries this year, showcasing the incredible innovation happening in the AI field. An expert panel of judges evaluated nominees based on criteria like innovation, design, user experience and overall technological advancement. LexisNexis stood out for its wide-ranging AI capabilities that extract insights from massive data sets to empower better decision making.

"We are thrilled to receive this recognition as the top AI company from the AI Breakthrough Awards," said Sean Fitzpatrick, CEO of LexisNexis North America, UK and Ireland. "AI is core to our mission of enhancing professional productivity and unlocking new opportunities through data-driven insights."

At the forefront of LexisNexis' AI efforts is Lexis+ AI, a legal generative AI virtual assistant launched in October 2003. This spring, LexisNexis released the second-generation of Lexis+ AI with enhanced features to the ask, draft, summarize, and upload portfolio.

Lexis+ AI leverages large language models and multimodal learning to understand complex queries, analyze documents, conduct research and provide summarized insights backed by authoritative linked legal citations. Since its launch last year, Lexis+ AI has been rapidly adopted by law firms, corporate legal departments and government agencies.

"LexisNexis is transforming how legal professionals work by accelerating research, drafting and analysis through AI," said Fitzpatrick. "Our vision is for every professional to have a customized virtual assistant to enhance their capabilities and productivity."

Beyond legal, LexisNexis is infusing AI across its risk solutions, corporate intelligence, news and academic offerings. Advanced machine learning models power capabilities like:

• Automated due diligence to rapidly surface risk signals
• AI-driven monitoring for financial crimes and compliance
• Intelligent searching and summarization of research publications
• Extraction of insights from patents, public records and news data

"The past year has been a true breakthrough for AI with generative AI, large language models and multimodal capabilities revolutionizing applications across industries," said Steve Johansson, Managing Director of AI Breakthrough Awards. "LexisNexis exemplifies this excellence, pushing boundaries while delivering high-impact, practical AI solutions."

LexisNexis continues investing heavily in AI research and development, with over 500 data scientists working to advance the models underpinning its products. As a leader in professional AI solutions, LexisNexis is committed to developing AI responsibly and ethically. The company partners closely with customers to ensure its AI offerings are accurate, unbiased and aligned with the latest AI governance best practices.

This Best Overall AI Company award recognizes LexisNexis' decades of pioneering AI innovation and its vision for empowering professionals across sectors with virtual AI assistants. As breakthrough AI capabilities emerge, LexisNexis remains well-positioned to help its customers and society navigate and benefit from this transformative technology.