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Weekly News Digest
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February 9, 2023 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITI’s Twitter account: @ITINewsBreaks.
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LexisNexis Intellectual Property Solutions Buys an AI-Based Patent Classifier
LexisNexis Intellectual Property Solutions “entered into a definitive agreement to acquire Aistemos Limited, a patent classification company, which trades under the Cipher brand.” Cipher uses AI and machine learning to classify patents, which helps “customers uncover insights into complex landscapes of patented technologies to support their strategic IP [intellectual property] decisions.” Cipher becomes part of LexisNexis’ flagship IP analytics solution, PatentSight.“With the addition of the Cipher classification capabilities, PatentSight customers will not only be able to build custom technology taxonomies based on how they view the world but also make those custom classifiers available across their entire IP department, providing a consistent understanding of the world’s technologies,” Cipher notes. “The transaction is subject to customary regulatory approvals and is expected to be completed during the first quarter of 2023. Financial details are not disclosed.” For more information, read the press release.
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Brandi Scardilli
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