GNI will focus on three main objectives -- to elevate and strengthen quality journalism, evolve business models to drive sustainable growth and empower news organizations through technological innovation. In regards to the first objective, Google says it created Disinfo Lab -- an effort to combat mis- and disinformation during breaking news moments and elections. It will work alongside Harvard University's First Draft project. Google is also partnering with the Poynter Institute, Stanford University and the Local Media Association to develop MediaWise, an initiative aimed at boosting young consumers' digital literacy. And for its own products, Google is tweaking its systems to surface more authoritative content during breaking news moments since it says that's when bad actors often target its platforms.

Additionally, Google will try to streamline and simplify the process of subscribing to media publishers through a new service called Subscribe with Google. With a machine learning model that it has been developing, it will also help publishers spot consumers who may be likely to subscribe. The company has also created a new dashboard that will help news organizations gain a deeper understanding of their audiences. Lastly, today, Google launched Outline -- an open-source tool that will help news organizations set up their own VPN on a private server.

Google says it will dedicate $300 million over the next three years towards these efforts. "The commitments we're making through the Google News Initiative demonstrate that news and quality journalism is a top priority for Google," Google said. "We know that success can only be achieved by working together, and we look forward to collaborating with the news industry to build a stronger future for journalism."