(Bloomberg) -- OpenAI has tapped global banks for a $4 billion revolving line of credit on top of its recent $6.6 billion fundraising, building a massive war chest to stay ahead in the costly race ...
OpenAI has obtained a $4 billion revolving credit line just days after raising $6.6 billion in a funding round. This new boost in finances raises the AI company's liquidity to $10 billion. The credit ...
Sierra, a software startup co-founded by former Salesforce co-CEO Bret Taylor, has raised $175 million in a new funding round ...
In addition to the new funding, OpenAI has tapped a $4 billion credit facility from an array of banks. While it's common practice for fast-growing companies to establish a line of credit ...
Here’s the deal: OpenAI, the company behind ChatGPT, just announced a $6.6 billion private funding ... order of magnitude better than GPT-4, their runway gets considerably shorter,” he told ...
The arrangement of the credit line also includes the ability to increase it by $2 billion, according to CNBC. Combined with OpenAI’s recent $6.6 billion in funding, OpenAI now has access to more ...
OpenAI expects to lose around $5 billion this year, or over $1 billion more than the revenue it will pull in. A new $4 billion credit facility announced Thursday adds to its cash stockpile ...
OpenAI also makes programs that produces images and is working on a video generator. The firm raised $6.6 billion in cash and secured a $4 billion credit line earlier this month, propelling it to ...
Led by previous investor Thrive Capital, the new cash brings OpenAI’s total raised to $17.9 billion, according to Crunchbase. As part of the round, OpenAI also secured a massive credit line.
OpenAI is opening new offices in several cities across the world including Paris, NYC, Seattle, Singapore and Brussels. This is in addition to the company's existing offices in London, Tokyo, San ...
In addition to the new funding, OpenAI has also tapped a $4 billion credit facility from an array of banks. While it's common practice for fast-growing companies to establish a line of credit ...