RELX bolsters its patent analytics with AI deal – source
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Reuters UK
Reuters UK
LONDON (Reuters) – Britain’s RELX has agreed to buy Aistemos, a firm that uses artificial intelligence to classify patents, for around 30 million pounds ($36 million) to enhance its intellectual property (IP) analytics, a source close to the company said. Aistemos, which trades under the Cipher brand, uses proprietary algorithms to map patents to technologies. RELX will add Cipher to its flagship IP analytics solution, LexisNexis PatentSight, the source said, giving customers greater insight into global innovation and the strategic values of their patents. Information provider RELX is increasi…