Bloomberg July 08, 2026 • 13:26

BofA Saw OpenAI as Too Risky, But Now The Bank Wants to Cash In on IPO - Bloomberg.com

By Sridhar Natarajan, Katherine Doherty, Liana Baker, Shirin Ghaffary

BofA Saw OpenAI as Too Risky, But Now The Bank Wants to Cash In on IPO - Bloomberg.com

Bank of America Corp. handed a $520 million credit line to OpenAI in recent weeks after previously spurning the artificial intelligence giant’s request, according to people with knowledge of the matter.

Bank of America Corp. handed a $520 million credit line to OpenAI in recent weeks after previously spurning the artificial intelligence giants request, according to people with knowledge of the matte… [+361 chars]

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