Investors fear AI will undercut LexisNexis. The company says it's driving growth. (www.businessinsider.com)

Shares of LexisNexis's parent company, Relx, have fallen approximately 17% this year, primarily due to investor concerns that advances in AI could threaten its business model. However, LexisNexis executives assert that their extensive proprietary data, which includes 200 billion legal documents accumulated over decades, sets them apart from AI model makers who lack access to such unique resources. CEO Sean Fitzpatrick emphasized that while general-purpose AI tools are emerging, they cannot compete on the reliability and security provided by LexisNexis’s authoritative legal content, which is crucial for maintaining standards in legal work. Despite recent stock declines exacerbated by the entry of AI into the legal sector—such as Anthropic’s new AI capabilities—LexisNexis reports robust growth in its law firm and corporate solutions, driven by the integration of AI into its offerings. With a 7% revenue increase and a commitment to hiring rather than layoffs due to AI advancements, the company argues that its specialized AI solutions provide added value to its customers. Fitzpatrick remains optimistic, suggesting that as the market evolves, investor misconceptions about the threat posed by AI to LexisNexis will diminish.