In addition to securing $6.6 billion in new funding from investors, OpenAI established a new $4 billion credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS and HSBC. This facility was undrawn at closing.
OpenAI now has access to over $10 billion in liquidity, which gives it the flexibility to invest in new initiatives and operate with full agility as it scales.
“This credit facility further strengthens our balance sheet and provides flexibility to seize future growth opportunities,” Sarah Friar, chief financial officer of OpenAI, said. “We are proud to have the strongest banks and investors in the world supporting us.”
