BofA extends first $520 million loan to OpenAI ahead of IPO, source says
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Bank of America has extended a $520 million loan to OpenAI, reportedly ahead of the company's initial public offering. The loan is said to be the first extended by BofA to OpenAI. The development comes as some outlets report on the growing debt of big tech companies in the AI sector.
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