Open AI got a A $4 billion revolving line of creditin which JP Morgan, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS and HSBC participated, and which allows you increase your liquidity more than 10 billion dollars.
“This means we now have access to over $10 billion in liquidity, which is giving us the flexibility to invest in new ventures and operate with full flexibility as we scale“, marked the ‘beginning’.
The technology company has explained that the base line of credit is $4 billion, with the option to increase it by an additional $2 billion. The loan is unsecured and can be used over three years.
“It also reaffirms our partnership with a unique group of financial institutionsand many of them are also OpenAI customers,” the company said.
The implementation of this line of credit comes after OpenAI closed a a new round of funding with which he has raised more than 6.5 billion dollars, which provides a valuation exceeds $150 billion.
The deal is and has been one of the largest private investments in history led by Thrive Capitalthe venture capital firm led by Josh Kushner, together with other global investors such as Microsoft, Nvidia or SoftBank.
It is worth remembering that OpenAI shut down an operation a few months ago in which employees could sell part of their company shareswhich allowed the American company to be valued at $86 billion.
2024-10-03 18:09:07
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