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BofA Makes U-Turn on OpenAI, Provides $520M Credit Line

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July 8, 2026

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Bank of America is changing its tune on OpenAI: after initially passing on lending to the AI company, it is now extending a $520 million credit line, according to sources. Bloomberg's Sridhar Natarajan joins Ed Ludlow on "Bloomberg Tech."

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Bloomberg's Sridhar NatarajanEd LudlowBloomberg TechnologyYouTube WatchCaroline HydeSilicon ValleyFollow Caroline HydeBloomberg Business Connect

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