OpenAI has secured a new $4 billion revolving credit line, the ChatGPT maker said on Thursday, a day after it closed a $6.6 billion funding round that cemented its position as one of the most valuable private companies in the world.

The San Francisco company is gathering the billions its executives believe they will need to continue building new A.I. technology.

OpenAI closed a $6.6 billion funding round that valued the booming artificial intelligence company at $157 billion, according to a Wednesday statement, a massive figure nearly double what the company was valued at early this year.

OpenAI has raised $6.6 billion in funding, which makes it one of the most valuable private companies in the world.

OpenAI may very well be the future of Silicon Valley, the next Google, the Great Disruptor, the Slayer of Late Capitalist Workplace Tedium, etc, etc.

OpenAI reportedly has to become a for-profit entity in two years or give back investor money from its funding round. It could be tricky, lawyers say.

OpenAI said it has completed a deal to raise $6.6 billion in new funding, giving the AI company a $157 billion valuation, and bolstering its efforts to build the world's leading generative AI technology.

Keeping ChatGPT running is expensive as heck, so OpenAI needs access to plenty of cash to make sure the lights stay on. A day after the company said it had secured $6.6 billion in funding — the biggest ever funding round for a startup — it confirmed that it has a new $4 billion revolving line of credit.