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4 hours ago

BofA extends first $520 million loan to OpenAI ahead of IPO

BofA extends first $520 million loan to OpenAI ahead of IPO

July 8 (Reuters) - Bank of America has extended a $520 million credit line to OpenAI, its first loan to the AI company that is ‌preparing for an initial public offering, a person familiar with the ‌matter told Reuters on Wednesday. The loan makes... Read more.

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