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Bank of America Alters Stance to Back OpenAI, Extends $520 Million Credit Facility in Pursuit of IPO Underwriting Eligibility
2 day ago /
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Author：小编
On July 8, sources indicated that Bank of America has recently granted OpenAI a substantial credit line of $520 million, elevating its total available credit to a staggering sum exceeding $5 billion. Notably, Bank of America had previously opted not to extend credit to OpenAI. This strategic pivot is, in part, motivated by OpenAI's proactive steps towards an initial public offering (IPO). Bank of America aims to position itself favorably to secure a pivotal role in underwriting what promises to be a significant IPO event.
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