Some of the features that you will get to experience within Bloomberg Industry Group product(s) leverage Large Language Models (“LLMs”) to understand user inquiries, generate responses, or provide additional functionality. Such LLMs may be hosted by Bloomberg Industry Group or third parties, but in all events, your inputs remain your confidential information and will never be used to train our, or any third-party LLMs. We seek to enhance the accuracy and reliability of our products by providing the LLM with relevant parts of Bloomberg Industry Groups’ vast corpus of up-to-date and highly reliable reference documentation.

While this approach is designed to elevate the performance of LLMs, it is important to remember that the LLM’s understanding of the reference documentation is fundamentally based on pattern matching and statistical inferences from its training phase. Consequently, there are some inherent limitations Users should be aware of:

• Features that leverage generative AI may undergo frequent updates and may be discontinued at any time for any or no reason.
• LLMs may still make errors, misinterpret, or oversimplify complex information from the reference materials.
• Highly specialized tax, legal or other professional knowledge from reference materials may not always be correctly understood or applied.
• While an LLM may make relevant inferences based on the material/input supplied, it may occasionally generate incorrect or unrelated outputs.
• In cases of ambiguity in the documents or inputs, an LLM might not ask clarifying questions and may make assumptions to generate responses.

Despite these limitations, providing the underlying LLM with reliable, up-to-date documents significantly improves the accuracy, depth, and timeliness of an LLM’s responses. Nevertheless, in acknowledging the capabilities and limitations of this service, it is critically important to underscore that the responses generated should not be viewed as an exclusive source of information. Users are strongly advised to corroborate the information obtained, exercise professional judgment, and seek out additional sources of information as deemed necessary. The utilization of this service does not in any way obviate the essential need for independent verification, and prudent, professional decision-making; and should not be treated as a substitute for tax, legal or professional advice.

Please Note:

• Products may undergo frequent updates and may be discontinued at any time for any or no reason.
• As part of your access to the Bloomberg Industry Group product(s), you may be contacted about your experience.
• Anytime you see , you are using a feature that leverages LLMs.
• Please review our AI Frequently Asked Questions (FAQ) available here.
• Please review our Privacy Policy available at https://www.bloombergindustry.com/privacy-policy/ for information on how we collect and use personal data.
• Please be aware that the field of AI is rapidly evolving, and the content herein is subject to change.