July 8 : Bank of America has extended a $520 million credit line to OpenAI, its first loan to the AI company that is preparing for an initial public offering, a person familiar with the matter told Reuters on Wednesday.The loan makes BofA one of OpenAI's largest lenders and bolsters its credentials as a market leader in AI-related capital markets financing, the source said, requesting anonymity to discuss confidential information.BofA has helped raise nearly $500 billion in capital for AI-related companies since 2025, accounting for 60 per cent of such fundraising across investment-grade debt, leveraged finance and equity capital markets, according to internal data seen by Reuters.The second-largest American lender is also eyeing advisory roles on the planned IPOs of OpenAI and Anthropic,