OpenAI warns Microsoft reliance poses major risk ahead of IPO
Mansi Agarwal, Published on Mar 24th, 2026

OpenAI has told investors that its reliance on Microsoft could pose a business risk, CNBC reported, citing a document resembling an IPO prospectus. "If Microsoft...terminates its commercial partnership with us, or if we're unable to...diversify...partners, our...financial condition could be adversely affected," it said. OpenAI is reportedly planning an IPO that could value it at up to $1 trillion.
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