LexisNexis launched a research tool Wednesday that uses artificial intelligence to boost corporate research capabilities.

The information research company, a subsidiairy of RELX PLC (NYSE:RELX), has developed Nexis+ AI, a research platform that provides access to more than 20,000 news providers such as The Associated Press, Gannett, McClatchy, Benzinga and FiscalNote – CQ Roll Call.

The technology, which is offered through LexisNexis Legal & Professional, is designed to allow end users to research and analyze business, financial and legal information and news, extract relevant information from lengthy documents and summarize and share content.

It can also create first drafts and outlines of intelligence reports and quickly come up with business insights, LexisNexis said.

"Business leaders across nearly every industry tell us they need deeper, more accurate insights to better facilitate timely decisions, but they find the amount of corporate data daunting and the process time consuming. Todd Larsen, president of Nexis Solutions, said in a statement.

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"Recognizing this, we've created Nexis+ AI to accelerate data-intensive research and strategic decision-making."

LexisNexis said AI+ Nexis also features intellectual property and copyright protection through longstanding, and in some cases exclusive, content licensing agreements with publishers that provides direct links to original source material.

Earlier this year, LexisNexis tested Nexis+ AI's commercial application on a number of organizations that included large corporations, financial institutions and six major consulting firms to ensure further refinement of the platform.

"The launch of Nexis+ AI represents a significant first milestone in our mission to provide organizations with the tools they need to accelerate company research and make informed business decisions," said Dani McCormick, vice president of product for Nexis Solutions.

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