Bloomberg says client material remains permissioned and distinct from its own sources, but that assurance comes from the company, and the open question is whether clients will trust answers that combine their private material with Bloomberg's market data. Wayne Barlow, Bloomberg's Global Head of Core Terminal Products, and Shawn Edwards, its Chief Technology Officer, said the feedback they hear most often concerns trust.
ASKB has moved quickly. Bloomberg launched it in beta on February 24, 2026, and by April, about a third of the Terminal's 375,000 users had access. The product is model agnostic, combining proprietary and open-weight large language models. For attorneys advising clients who use the Terminal, the practical questions are what clients upload, how permissioning is documented in their agreements, and how Bloomberg handles that material. With roughly 40 million IB chats sent each day, the volume of data involved is large.