New Delhi, March 24 -- OpenAI has said that its close ties with Microsoft could be a risk factor to its business, CNBC reported on Tuesday citing a document that resembles an IPO prospectus.

In the document cited by CNBC, OpenAI told its investors that Microsoft is responsible for "a substantial portion of our financing and compute."

The financial document, which CNBC claims to have viewed, included sections titled "Risks Related to the Transaction" and "Risks Related to our Business". It was shared with prospective investors linked to the company's recent record financing round.

OpenAI said that the operating results of the AI company will depend on whether it can successfully establish relationships with additional partners other tha...