Bank of America extends $520M loan to OpenAI amid IPO speculation

BofA extends first $520 million loan to OpenAI ahead of IPO, source says

Bank of America extends $520 million credit line to OpenAI ahead of confidential IPO targeting over $1 trillion valuation. The move consolidates BofA's market leadership in AI financing (60% share since 2025) with hundreds of millions in advisory fees at stake.