Bank of America extends $520M credit line to OpenAI after initially passing on lending, Bloomberg reports.

Bloomberg reports that Bank of America has reversed its earlier decision and is now providing OpenAI with a $520 million credit line. The funding comes as OpenAI prepares to launch its most advanced model on Thursday, amid jittery tech markets.

• BofA Bankers U-Turn on OpenAI
• BofA Makes U-Turn on OpenAI, Provides $520M Credit Line
• Jittery Tech Markets; OpenAI Gets BofA Credit Line | Bloomberg Tech 7/08/2026