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 ...
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 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 ...
Oct 3 (Reuters) - 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 ...
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 ...
The arrangement of the credit line also includes the ability to increase it by $2 billion, according to CNBC. Combined with OpenAI’s recent $6.6 billion in funding, OpenAI now has access to more ...
OpenAI raised a $4 billion revolving credit line earlier this month alongside a $6.6 billion funding round. Many of the same banks involved in CoreWeave’s credit facility also joined that line ...
"Leveraging data has upped our game in fraud detection and prevention," Miskell said.The Treasury Department credited AI with helping officials prevent and recover more than $4 billion worth of ...
OpenAI is opening new offices in several cities across the world including Paris, NYC, Seattle, Singapore and Brussels. This is in addition to the company's existing offices in London, Tokyo, San ...