Investors fear AI will undercut LexisNexis. The company says it's driving growth. [Business Insider]
RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) (RELX)
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Source: Business Insider
John Carl D'Annibale /Albany Times Union via Getty Images This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Shares of LexisNexis's parent company Relx are down roughly 17% since the start of the year. A top exec told Business Insider that LexisNexis isn't doomed because AI model makers lack its proprietary data. Relx recently attributed growth in its law firm and corporate legal business to customers adopting its AI tools. The AI boom has been hammering LexisNexis on Wall Street. The legal-software giant says its fundamentals tell a different story. "Every time we see a new model, every time we see a step forward, we're actually in a better position," Sean Fitzpatrick, CEO of the global legal business of LexisNexis, told Business Insider. In recent weeks, many software companies, including LexisNexis's parent Relx have seen their stocks plunge over investor fears that AI poses an exist
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