Summary: Microsoft and OpenAI said they signed a non‑binding memorandum of understanding laying out new commercial terms that would let OpenAI proceed with a restructuring into a public‑benefit corporation (PBC) controlled by its nonprofit board. Details are pending a definitive agreement.
Why it matters
This resets the governance and economics of a flagship AI partnership. For customers and rivals, it raises questions about data access, product roadmaps, and whether any new structure affects competition oversight in the U.S. and EU.
Key facts
- MoU is non‑binding; definitive terms still to be finalized.
- OpenAI’s nonprofit would hold a substantial stake and decision authority over the PBC.
- Regulators have scrutinized big‑tech/AI lab tie‑ups; a re‑papered deal could draw fresh review.
What to watch
Terms around exclusivity and cloud commitments; any conditions from U.S./EU regulators; implications for partner ecosystems and safety governance.