OpenAI, the leading artificial intelligence (AI) company, has just secured a $4 billion credit line with some of the world’s largest banks, including JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, and more. What does this mean for the future of technology and how does it impact the world of crypto and blockchain? Here’s a simple explanation.
What is a line of credit and why is it important?
For those unfamiliar with the term, a line of credit is like a flexible loan. Instead of receiving all the money at once, OpenAI can use this $4 billion amount as needed, giving it more freedom to fund its projects.