OpenAI, new liquidity of 10 billion: here is who invested

First the announcement of the new USD 6.6 billion financing round, then - closely - that of a further USD 4 billion bank credit line. For a total of over 10 billion in liquidity ready to be invested. These are absolutely sizzling days, for OpenAI, the former start-up holding the most envied artificial intelligence tool in the West: ChatGPT.

The company, which is gradually finalising the procedures to change from non-profit to profit company, announced in an official blog post that it had reached an agreement with major US investment banks for a very important credit line.

"In addition to securing $6.6 billion in new financing from leading investors," they wrote from OpenAI, "we have established a new $4 billion credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS and HSBC. This is an unused revolving credit line at closing. This means we now have access to over $10 billion of liquidity, which gives us the flexibility to invest in new ventures and operate with maximum agility as we grow. This also reaffirms our partnership with an exceptional group of financial institutions, many of which are also customers of OpenAI."

Satisfaction from Sarah Friar, CFO of OpenAI: "This credit line further strengthens our balance sheet and provides flexibility to seize future growth opportunities. We are proud to have the world's strongest banks and investors backing us."

The former start-up, whose value is now over $150 billion, reiterated that "the support of our investors and financial partners allows us to continue investing in innovative research and products that bring artificial intelligence to the world, expand our infrastructure to meet growing demand, and attract top talent from around the world. As we embark on this next phase, we remain focused on providing useful tools that contribute to people's lives."