Tag: financial strategy

  • OpenAI | New Credit Facility Enhances Financial Flexibility

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    On October 3rd, OpenAI announced a new $4 billion credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC. This is a revolving credit facility, undrawn at the time of signing. Alongside $6.6 billion in new funding, this gives OpenAI over $10 billion in liquidity, providing flexibility for…