Core Insights - Microsoft and OpenAI have signed a non-binding agreement to establish new terms for their relationship, allowing OpenAI to advance its restructuring plan into a for-profit entity [1] - The details of the new commercial arrangements have not been disclosed, but both companies are working towards finalizing the terms of the agreement [1] - OpenAI's current non-profit board chair, Brett Taylor, indicated that the existing non-profit parent company will control the for-profit entity by holding $100 billion in shares, retaining decision-making authority over the company [1]