OpenAI secures $4 billion credit facility

(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 (NYSE:JPM ), Citi, Goldman Sachs, Morgan Stanley , Santander (BME:SAN ), Wells Fargo, SMBC, UBS and HSBC.

The company now has access to over $10 billion in liquidity, OpenAI said in a blog post.

Source: Investing.com