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OpenAI gets $4 bn credit facility after raising $6.6 bn funding
short by Mansi Agarwal / on Thursday, 3 October, 2024
OpenAI on Thursday secured a $4 billion credit facility after raising $6.6 billion in funding at $157 billion valuation a day earlier. "This means we now have access to over $10 billion in liquidity," the AI startup said. The credit facility has been established with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS and HSBC.
read more at Reuters