AI Index / RELX Plc
RELX Plc (RELX)
Main revenue sources: 1) Risk (Business Services, Insurance): compliance, fraud/ID, and insurance analytics; over 90% machine-to-machine with deeply embedded AI—direct AI revenue. 2) Legal (Law Firms & Corporate): subscriptions to LexisNexis platforms; strong growth from AI-enabled Lexis+ AI and Protege—direct AI revenue. 3) STM: Databases/Tools & Electronic Reference (AI-driven analytics/tools like LeapSpace—direct AI) and Primary Research publishing (largely non-AI). 4) Exhibitions: event revenues; AI contributes minimally/indirectly. Overall, AI directly powers major portions of Risk and Legal, and growing in STM.
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Strong growth continues to be driven across segments by the development and rollout of our deeply embedded AI-enabled analytics and decision tools with over 90% of divisional revenue coming from machine-to-machine interactions.
- Erik Engstrom
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Quotes from relx Executives About Artificial Intelligence and Generative AI
Strong growth continues to be driven by the ongoing shift in business mix towards higher growth, higher value legal analytics and tools. In Law Firms & Corporate Legal, double-digit growth is being driven by continued adoption of our core AI-enabled legal platform and integrated Agentic assistant, Lexis+ AI and Protege.
- Erik Engstrom
Our improving long-term growth trajectory continues to be driven by the ongoing shift in business mix towards higher growth analytics and decision tools. This is being supported by the continued evolution of artificial intelligence, which is enabling us to add more value to our customers as we embed additional functionality in our product and to develop and launch products at a faster pace.
- Erik Engstrom
We have worked with this strategy inside Risk with the evolution of AI tools, extracting machine learning tools for over 15 years, and that's been the core driver of the whole evolution of the Risk business.
- Erik Engstrom
We've been partnering closely with all the large language models providers, including Anthropic and OpenAI for that time period.
- Erik Engstrom
In Legal, large law firms typically use over 100 of these software companies for different workflow tools, different admin procedures. And if those tools embedded in our core content platform help our customers add more value, we will embed the best of those new tools into our platform.
- Erik Engstrom
We have users in the multiple hundreds of thousands now across the globe on Lexis+ AI. We're seeing strong demand for what we do with the product built on that trusted curated content set, it remains very important to the customers.
- Nicholas Luff