OpenAI also secured a massive credit line

Oct 03, 2024

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 line of credit, it disclosed in a post Thursday night. The arrangement gives it “access to over $10 billion in liquidity, which gives us the flexibility to invest in new […] © 2024 TechCrunch. All rights reserved. For personal use only.