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59 BofA Extends $520 Million Loan to OpenAI

The Information
Alix Coutures @ The Information 1 place · today 16:40 EDT

Bank of America has given a $520 million credit line to OpenAI in the last couple of months as the AI giant prepares for an initial public offering, two people familiar with the agreement said. The loan brings OpenAI’s total available credit to more than $5 billion, one of the people said The ...

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