After securing a whopping $6.6 billion funding round, ChatGPT-parent OpenAI has bagged a $4 billion revolving credit line. What Happened: The new credit facility will bolster its liquidity to $10 billion, allowing the AI startup to invest in high-cost computing capacity including Nvidia Corporation’s (NASDAQ:NVDA) chips. “This credit facility further strengthens our balance sheet and provides flexibility to seize future growth opportunities,” said OpenAI CFO Sarah Friar, in a blog on Thursday. The credit line is facilitated by a consortium of banks: JPMorgan Chase (NYSE:JPM), Citigroup, Inc. (…
