The loan makes BofA one of OpenAI's largest lenders and bolsters its credentials as a market leader in AI-related capital markets financing, the source said, requesting anonymity to discuss confidential information.

July 8 : Bank of America has extended a $520 million credit line to OpenAI, its first loan to the AI company that is preparing for an initial public offering, a person familiar…

The loan makes BofA one of OpenAI's largest lenders and bolsters its credentials as a market leader in AI-related capital markets financing, the source said, requesting…