{"id":1019656,"date":"2026-07-09T08:56:48","date_gmt":"2026-07-09T03:26:48","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1019656"},"modified":"2026-07-09T09:00:57","modified_gmt":"2026-07-09T03:30:57","slug":"bofa-extends-first-520-million-loan-to-openai-ahead-of-ipo","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/07\/09\/bofa-extends-first-520-million-loan-to-openai-ahead-of-ipo\/","title":{"rendered":"BofA extends first $520 million loan to OpenAI ahead of IPO"},"content":{"rendered":"<p>Bank of America has extended a $520 million credit line to OpenAI, \u200bits first loan to \u200bthe AI company that is preparing for an initial \u200bpublic offering, a person familiar with the matter told Reuters on Wednesday. <\/p>\n<p>The loan makes BofA one of OpenAI&#8217;s largest lenders and bolsters its credentials as a market leader \u200cin AI-related capital \u2060markets \u2060financing, the source said, requesting anonymity to discuss confidential information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of America has extended a $520 million credit line to OpenAI, \u200bits first loan to \u200bthe AI company that is preparing for an initial \u200bpublic offering, a person familiar with the matter told Reuters on Wednesday. The loan makes BofA one of OpenAI&#8217;s largest lenders and bolsters its credentials as a market leader \u200cin AI-related capital \u2060markets \u2060financing, the source said, requesting anonymity to discuss confidential information.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1019656","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1019656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1019656"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1019656\/revisions"}],"predecessor-version":[{"id":1019678,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1019656\/revisions\/1019678"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1019656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1019656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1019656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}