02:33 PM EDT, 03/24/2026 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI has highlighted in a document that resembles an initial public offering prospectus that its close ties with Microsoft ( MSFT ) could be a potential risk to its business, CNBC reported Tuesday.

OpenAI told investors that Microsoft ( MSFT ) is responsible for "a substantial portion of our financing and compute" in a document that the company shared with prospective investors tied to latest financing round, the report said.

OpenAI also cited other risks such as its significant capital expenditures, dependence on compute resources, its ongoing litigation with Elon Musk's xAI, and its structure as a public benefit corporation, the report said.

OpenAI did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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