AI Business
2d ago
Bank of America offers $520 million credit line to OpenAI after initial hesitation
Jul 8, 2026
AI Summary
Bank of America has reversed its earlier decision and is now providing OpenAI with a $520 million credit line. This shift indicates a change in the bank's approach towards financing AI companies.
- Bank of America initially declined to lend to OpenAI.
- The bank is now extending a credit line worth $520 million to the AI company.
- This decision reflects a change in Bank of America's strategy regarding investments in the AI sector.
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