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OpenAI Secures $4 Billion Revolving Credit Facility, Tops $10 Billion in Corporate Liquidity
In a blog post published on October 3, CNBC reported that OpenAI has secured $4 billion in revolving credit facilities on top of a new $6.6 billion funding round, meaning that the company's liquidity is more than $10 billion (currently around Rs. 70,361 crore). OpenAI has secured a $4 billion revolving credit facility from financial institutions including JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander Group, Wells Fargo, SMBC, UBS and HSBC. Reports suggest that OpenAI's underlying line of credit...
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