OpenAI signs $4 billion credit line in addition to $6.6 billion investment

By attracting the line, the total volume of the investment round reached $10.6 billion. The line was opened by JP Morgan Chase, Citi, Goldman Sachs and other large banks.

The day before, October 2, OpenAI announced that it had attracted investments in the amount of $6.6 billion from Thrive Capital, Microsoft, Nvidia, SoftBank, Fidelity and others. The funding will allow the company to increase its computing power and continue creating new tools.

With a valuation of $157 billion, OpenAI took third place in terms of capitalization among non-public companies in the world, behind ByteDance (TikTok developer) and SpaceX.

Source: rb.ru