One day after closing a $6.6 billion investment round that solidified its place among the world’s most valuable private companies, OpenAI has now received a new $4 billion revolving credit line.
As part of its competition with digital behemoths like Alphabet-owned Google (GOOGL.O), OpenAI claimed that the borrowing facility would increase its liquidity to $10 billion, enabling the business to purchase expensive processing capacity, including Nvidia (NVDA.O).
A blog post states that HSBC, JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, and UBS will supply the credit facility.
