All Topics
All Topics
Technology
Technology
AI
AI
Business
Business
Entertainment
Entertainment
News
News
Programming
Programming
Science
Science
Design
Design
Environment
Environment
Finance
Finance
Crypto
Crypto
Politics
Politics
Sports
Sports
Education
Education
Gaming
Gaming
Art
Art
Music
Music
Health
Health
Security
Security
Books
Books
Food
Food
Travel
Travel
Personal
Personal
Bluesky
Twitter
First reported by PYMNTS
OpenAI Lands $520 Million Line of Credit From Bank of America

BofA extends first $520 million loan to OpenAI ahead of IPO

The loan makes BofA one of OpenAI's largest lenders and bolsters its credentials as a market leader ‌in AI-related capital ⁠markets ⁠financing, the source said, requesting anonymity to discuss…

Read the full article
1d agoen

You might also wanna read

BofA extends first $520 million loan to OpenAI ahead of IPO, source says

Bank of America has extended a $520 million credit line to OpenAI, its first loan to the AI company that is preparing for an ...

reuters.com·1d ago

Bank of America extends $520M loan to OpenAI amid IPO speculation

Bank of America extends a $520 million loan to OpenAI amid IPO speculation. IPO by December 31, 2026 priced at 22.5% YES.

cryptobriefing.com·1d ago

Jittery Tech Markets & OpenAI's $520M BofA Credit Line

OpenAI secures a $520 million credit line from Bank of America as it prepares to launch its next-generation AI model amidst jittery tech mar

StartupHub.ai·1d ago

Bank of America Provides OpenAI with $520 Million Credit Line

Bank of America has provided OpenAI with a $520 million credit line, reversing prior hesitation and boosting the AI firm's financing.

startuphub.ai·1d ago

Bank of America Provides OpenAI with $520 Million Credit Line

Bank of America has provided OpenAI with a $520 million credit line, reversing prior hesitation and boosting the AI firm's financing.

StartupHub.ai·1d ago

OpenAI Files Confidentially for Public Listing as AI IPO Pipeline Reaches $3.6 Trillion

OpenAI has joined AI rivals with plans for a public listing later this year after the ChatGPT maker confidentially filed its S-1. This comes

fllics.com·1mo ago

OpenAI Raises $122 Billion at $852 Billion Valuation — The Largest Private Funding Round in History

OpenAI closed a $122 billion funding round on March 31, 2026 at an $852 billion post-money valuation — the largest private fundraise ever. A

chatforest.com·3mo ago

Comments

Sign in to join the conversation.

No comments yet. Be the first.