Bank of America extended a $520M credit line to OpenAI ahead of its IPO, reversing an earlier rejection and signaling Wall Street's growing AI appetite.

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…