Generative Artificial Intelligence (AI) has become a magical tool in the linguistic field for producing textual contents, news and even the source along with date and time. With the enhancement of Generative AI on one hand, fake news creation has become evident but on the other side, it’s detection is constantly facing new challenges day by day. ChatGPT-4, DALL-E2, etc. are easily available tools for building up linguistic and pictorial data using Generative AI. Fake news can easily be generated by Generative AI, misleading people and society to a great extent. In this paper, a comprehensive survey on fake news creation through Generative AI and some of the fake news detection methods through Generative AI has been discussed.