Tag: $520 million
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BofA extends first $520 million loan to OpenAI ahead of IPO, source says
July 8 : Bank of America has extended a $520 million credit line to OpenAI, its first loan to the AI company that is preparing for an initial public offering, a person familiar with the matter told Reuters on Wednesday.The loan makes BofA one of OpenAI’s largest lenders and bolsters its credentials as a marke
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