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OpenAI now has a $4 billion credit line on top of $6.6 billion in funding

OpenAI has access to even more money after revealing it has established a new $4 billion credit facility with global banks. The company closed a $6.6 billion funding round this week.

OpenAI has yet to tap the credit line, which it obtained from JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS and HSBC. “This credit facility further strengthens our balance sheet and provides flexibility to seize future growth opportunities,” OpenAI CFO Sarah Friar said. The biggest news stories this morning: Tesla stops selling its cheapest car, Students used Meta's smart glasses to automatically dox strangers, OpenAI rakes in over $6 billion in new funding.

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