Microsoft and OpenAI announced they’re offering a select group of media outlets up to $10 million ($2.5 million in cash plus $2.5 million worth of “software and enterprise credits” from each) to try out AI tools in the newsroom.

OpenAI and Microsoft are each contributing $2.5 million in direct funding as well as $2.5 million in software and enterprise credits. The Lenfest Institute of Journalism is collaborating with OpenAI and Microsoft on the project, and announced the news today.

OpenAI and its minority owner Microsoft are funding a $10 million AI collaborative and fellowship program operated by the Lenfest Institute, a non-profit that supports local journalism. Why it matters: The partnership represents the largest local news development collaborative working on AI specifically,