Microsoft and OpenAI announced the long-awaited details of their new partnership agreement Tuesday morning — with concessions on both sides that keep the companies aligned but not in lockstep as they move into their next phases of AI development.

Microsoft and OpenAI announced Monday a series of new business partnerships aimed to advance artificial intelligence capabilities in U.S. commerce.

The deal removes a major constraint on raising capital for OpenAI, which was founded as a nonprofit AI safety group.

The startup’s conversion clears an obstacle for a potential IPO and gives Microsoft a 27% stake in the new public-benefit corporation.

Morningstar analysts earlier this month published a list of the best artificial intelligence (AI) stocks to buy now. The top two spots were awarded to Microsoft ( MSFT +0.59%) and Taiwan Semiconductor Manufacturing ( TSM +1.54%). Other analysts may not classify them as the "best" AI stocks to buy now, but Wall Street is generally bullish.

Microsoft is drawing a bright line at romantic, flirtatious and erotic content, even for adults, when it comes to its Copilot chatbot, the company’s AI CEO said in an interview.

The Australian Competition and Consumer Commission (ACCC) has taken Microsoft to court, accusing the tech giant of misleading about 2.7 million Australian consumers over changes to its Microsoft 365 subscriptions.

Mustafa Suleyman, the CEO of Microsoft AI, even described the new product in those terms in the announcement. “Copilot Mode in Edge is evolving into an AI browser that is your dynamic, intelligent companion,