# Bank of America bets big on AI after initial hesitation

> Bank of America shifts from AI skepticism to $250 billion US infrastructure investment
- Title: Bank of America bets big on AI after initial hesitation
- Summary: Bank of America shifts from AI skepticism to $250 billion US infrastructure investment Bank of America now funds 60% of AI capital markets deals after…
- Keywords: bank of america, ai ventures, openai, data centers, ai debt, space x, nfl, fintech, ai infrastructure, capital markets, business, finance
- Source: Pymnts — https://pymnts.com/news/artificial-intelligence/2026/bank-of-america-bankrolls-ai-ventures-after-initial-skepticism
- Author: PYMNTS
- Published: 2026-09-21T17:24:30+00:00
- Read time: 1 min
- Topics: bank of america, ai ventures, openai, data centers, ai debt, space x, nfl, fintech, ai infrastructure, capital markets, business, finance
## Bank of America's AI shift
Bank of America moved from AI skepticism to providing $520 million credit line to OpenAI in July 2026

> Bank of America helped raise close to five hundred billion dollars in capital for AI-related firms since 2025
## Major infrastructure commitment
The bank committed $250 billion for US data centers and computing infrastructure through 2027
## AI capital market leader
Bank of America accounts for 60% of AI-related capital markets deals since 2025
## SpaceX involvement
Bank of America served as joint bookrunner for SpaceX's public listing in 2026
## AI debt surge
Top US AI companies doubled their debt over five years to fund data centers
## Key takeaway

Bank of America now funds 60% of AI capital markets deals after initially doubting AI's viability