---
title: "OpenAI Lands $520 Million Line of Credit From Bank of America — Stuff That Spins"
description: "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,…"
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date: "2026-07-08T17:22:37+00:00"
modified: "2026-07-08T18:02:23.095682+00:00"
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# OpenAI Lands $520 Million Line of Credit From Bank of America

**Source:** Unknown  
**Published:** July 8, 2026  
**Original:** https://www.pymnts.com/news/artificial-intelligence/2026/openai-lands-520-million-line-of-credit-from-bank-of-america/  

## On this page

- [Overview](#overview)

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## Overview

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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