OpenAI also secured a massive credit line

In Brief In addition to OpenAI’s new $6.6 billion megaround of funding at a post-money valuation of $157 billion, the outfit has secured a $4 billion revolving line of credit, it disclosed in a post Thursday night. The arrangement gives it “access to over $10 billion in liquidity, which gives us the flexibility to invest in new initiatives and operate with full agility,” it said.The debt line was syndicated across nine banks, including Wells Fargo, JPMorgan Chase, and Santander, according to OpenAI.CNBC is ...