Report: “UK’s RELX Says Generative AI Tools Will Keep Driving Growth”

From Reuters:

British business information group RELX said on Thursday demand for its generative AI tools from lawyers and scientists boosted half-year profit by 9%, and it was confident on further growth as new products launch and its conference business thrives.

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Demand for its new generative AI tools has helped sustain growth more recently, and for the first six months of the year, the group posted adjusted operating profit of 1.65 billion pounds ($2.23 billion), on revenues which were up 7% to 4.74 billion pounds.

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For academics and researchers, Science Direct AI is another product which is being well-received [CFO Nick] Luff said. It enables users to become more efficient in absorbing the latest developments in their fields.

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