OpenAI Lands $520 Million Line of Credit From Bank of America
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Bank of America has reportedly given OpenAI a $520 million line of credit ahead of its planned IPO. That’s according to a report Wednesday (July 8) by Reuters, citing a source with knowledge of the matter. According to Reuters, the loan makes Bank of America one of OpenAI’s biggest lenders and boosts its standing in financing AI-related capital […] The post OpenAI Lands $520 Million Line of Credit From Bank of America appeared first on PYMNTS.com.
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