BofA Saw OpenAI as Too Risky, But Now The Bank Wants to Cash In on IPO - Bloomberg.com
business 2026/07/08 13:26:06

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

Source:Bloomberg
Author:Sridhar Natarajan, Katherine Doherty, Liana Baker, Shirin Ghaffary

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.