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OpenAI secures $4 bln credit facility
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OpenAI secures $4 bln credit facility
Oct 3, 2024 8:06 AM

Oct 3 (Reuters) - OpenAI said on Thursday it has secured

a new $4 billion credit facility, in addition to the $6.6

billion investment the AI startup unveiled on Wednesday.

The revolving credit facility that is undrawn at closing

has been established with JPMorgan Chase ( JPM ), Citi,

Goldman Sachs ( GS ), Morgan Stanley ( MS ), Santander,

Wells Fargo ( WFC ), SMBC, UBS and HSBC ( HSBC )

.

The company now has access to over $10 billion in

liquidity, OpenAI said in a blog post.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Shinjini

Ganguli)

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