Save ChatGPT it’s a run it is very expensiveso OpenAI You need access to a lot of money to make sure the lights are on. A day later, the company said that It provided 6.6 billion dollars in funds – the largest round of funding for a startup – this confirmed it has a new $4 billion revolving credit facility. OpenAI has yet to draw down its credit lines from JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS and HSBC. Some of those banks are among OpenAI’s clients.
All told, OpenAI now has more than $10 billion in liquid funds. The company says this will allow it to invest in new projects and research, expand its infrastructure and hire top talent. “This line of credit further strengthens our balance sheet and provides flexibility to take advantage of future growth opportunities,” said Sarah Friar, CFO of OpenAI.
