Impact of Fake News on Socioeconomic Sphere and How to Fight It

Fake news is penetrating even legitimate and genuine sources of news today, imperilling the credibility and value of news organisations, public personalities and even corporates. Even though myriad forms of fake news existed across centuries, the advent of social media has given misinformation a new lease of life and push. This paper analyses the socioeconomic impact of fake news by analysing key global events and tries to chronicle efforts in checking fake news with special focus on how artificial intelligence tools can be a big boon in this mission.

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