In a pair of AI bulletins this week, LexisNexis stated that it has considerably enhanced the pace and capabilities of its Lexis+ AI authorized AI Assistant, and in addition that it has launched the industrial preview of Nexis+ AI inside its Nexis information and enterprise info analysis service.
LexisNexis first released Lexis+ AI for basic availability final October. It makes use of giant language fashions to reply authorized analysis questions, summarize authorized points, and generate authorized doc drafts.
Now, the corporate says it’s starting to roll out the second-generation of its AI Assistant, which it says will probably be quicker, have new capabilities, and have larger capability. These enhancements are slated to be accessible to clients in early Could.
Particularly, Lexis Nexis stated, the enhancements will embody:
- Quicker supply of outcomes. AI-generated solutions will probably be delivered word-by-word as they’re generated, as an alternative of abruptly when they’re accomplished, to make the expertise appear quicker and extra conversational. LexisNexis says its AI Assistant will return outcomes two occasions quicker than the closest competitor.
- Extra prompts allowed in a dialog. Beforehand, customers have been restricted to 5 interactions — primarily follow-up questions — with the AI Assistant in a single dialog. That has been elevated to 10.
- Conversational steering for drafting. Lexis+ AI will now present tailor-made, step-by-step suggestions that anticipate questions and information customers to leverage solutions straight in drafting work corresponding to emails, letters, arguments, clauses, and memos.
- Added supply choices. New supply choices for conversations embody e-mail, obtain and print.
- AI-generated statute summaries. LexisNexis says it’s the first within the authorized market to offer AI-generated summaries of U.S. federal and state statutes. These summaries are additionally accessible to the general public by way of the LexisNexis U.S. Voting Laws & Legislation Center.
- Elevated doc add capability. The doc add restrict has been elevated to 400,000 characters per request, or roughly 150 pages.
- Improved person expertise. LexisNexis says it has refined the person expertise to enhance readability, ease-of-use, and aesthetics.
The New Nexis+ AI
In the meantime, over on its Nexis facet, LexisNexis yesterday introduced the industrial preview of Nexis+ AI, bringing generative AI capabilities to Nexis to reinforce company analysis, enterprise growth, and decision-making.
The Nexis service offers entry to greater than 25,000 information publications and information on tens of millions of corporations worldwide. Nexis+ AI will present enhanced analysis, intelligence and doc summarization options throughout the Nexis platform.
For now, it’s accessible solely to a restricted set of company clients. Their suggestions will probably be included into the launch of the ultimate product someday later this yr.
Though I’ve not seen an illustration of this, LexisNexis stated that Nexis+ AI will improve customers’ capability to:
- Extra rapidly analysis and analyze enterprise, monetary and authorized info and information.
- Summarize prolonged paperwork and extract related entities and information factors.
- Compile, set up and share content material.
- Create customizable draft reviews or outlines with a single click on.
- Derive actionable insights with pace and precision.
LexisNexis says that Nexis+ AI mitigates the danger of hallucinations by operating queries towards information and content material from trusted, credible publishers. Just like Lexis+ AI, outcomes delivered in Nexis+ AI hyperlink again to the unique paperwork cited, so the person can confirm accuracy.
As well as, the corporate stated, all Nexis+ AI classes are hosted in devoted, safe cloud environments. The system purges all uploaded paperwork, queries, and prompts on the finish of every person session, and no information or content material is ever used to coach core AI fashions on the open Internet.
Additionally value noting is that Nexis legally licenses all its information content material, defending the copyrights and mental property of publishers’ content material. That implies that it may well ship generative AI outcomes with direct hyperlinks to the supply content material, whereas additionally enhancing monetization alternatives for the publishers.
Along with the industrial preview program, LexisNexis has introduced its Nexis+ AI Insider Program, a collaborative neighborhood of pros searching for methods to leverage generative AI applied sciences for his or her organizations. Enterprise professionals who join will be among the many first to find out about new AI developments from LexisNexis.
These enthusiastic about becoming a member of the Nexis+ AI Insider program can register at this page.
