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OpenAI Lands $520 Million Line of Credit From Bank of America

PYMNTS

1h agoen

technology finance artificial intelligence funding

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PYMNTSOpenAI Lands $520 Million Line of Credit From Bank of Americapymnts.com

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Bank of America has reportedly given OpenAI a $520 million line of credit after denying an earlier request. That’s according to a report Wednesday (July 8) by Bloomberg News, citing sources with knowledge of the matter. The report calls the deal a “notable pivot” by the banking giant, which as recently as last year had shown skepticism about the ability […] The post OpenAI Lands $520 Million Line of Credit From Bank of America appeared first on PYMNTS.com .

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