AI Reading List
Daily curated list of news, articles, and other interesting posts related to AI.
2025-10-20
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J.P. Morgan's OpenAI loan is strange
(marketunpack.com)
Interesting take on how OpenAI, a young company without earnings, secured a $4 billion revolving credit facility at favorable interest rates typically reserved for more established firms. The analysis questions whether lenders are underestimating the risks compared to traditional investors, given typical models for startup failure rates and bond market comparisons.