OpenAI secures $4 billion credit line after big funding round

OpenAI secures $6.6 billion in latest funding round

Thanks to $6.6 billion in funding from the likes of Microsoft and Nvidia with a $157 billion valuation, OpenAI is now one of the wealthiest private enterprises on the planet.

OpenAI now has a $4 billion credit line on top of $6.6 billion in funding

OpenAI has access to even more money after revealing it has established a new $4 billion credit facility with global banks. The company closed a $6.6 billion funding round this week.

OpenAI also secured a massive credit line

In addition to OpenAI’s new $6.6 billion megaround of funding at a post-money valuation of $157 billion, the outfit has secured a $4 billion revolving

OpenAI Gets $4 Billion in Credit on Top of $6.6 Billion Funding

OpenAI has tapped global banks for a $4 billion revolving line of credit on top of its recent $6.6 billion fundraising, building a massive war chest to stay ahead in the costly race to develop more sophisticated artificial intelligence.

OpenAI Establishes $4 Billion Credit Facility

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OpenAI secures $4 billion credit line after big funding round

OpenAI has secured a new $4 billion revolving credit line, the ChatGPT maker said on Thursday, a day after it closed a $6.6 billion funding round that cemented its position as one of the most valuable private companies in the world.