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'OpenAI Gets $4 Billion Revolving Credit Line, Giving It More Than $10 Billion In Liquidity' - CNBC

Benzinga ·  Oct 3 22:18
  • On top of OpenAI's long-awaited funding round that closed yesterday, the company has also put a $4 billion revolving credit line in place — bringing its total liquidity to more than $10 billion.
  • JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC all participated.
  • OpenAI on Wednesday closed its latest funding round at a valuation of $157 billion, including $6.6 billion the company raised from investors including Thrive Capital, Microsoft, Nvidia and SoftBank.

OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned. It follows news on Wednesday that...

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