BofA saw OpenAI as too risky, but now the bank wants to cash in on IPO
Source: The Mercury News · 2026-07-08
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.
By Sridhar Natarajan, Katherine Doherty, Liana Baker and Shirin Ghaffary, Bloomberg 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 ... [5714 chars]