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 ...

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

Keeping ChatGPT running is expensive as heck, so OpenAI needs access to plenty of cash to make sure the lights stay on. A day after the company said it had secured $6.6 billion in funding — the ...

OpenAI has obtained a $4 billion revolving credit line just days after raising $6.6 billion in a funding round. This new boost in finances raises the AI company's liquidity to $10 billion. The credit ...

de la Merced reported from London, and Mike Isaac from San Francisco. Oct. 3, 2024 OpenAI has set up a $4 billion credit line from an array of banks, adding to its financial firepower after ...

On top of OpenAI's long-awaited funding round that closed Wednesday, the company has also put a $4 billion revolving credit line in place — bringing its total liquidity to more than $10 billion.

OpenAI has tapped global banks for a $4 billion revolving line of credit on top of its recent $6.6 billion fundraising, adding to its war chest as it plans to grow the company and develop ...