YouTube's role in promoting conspiracy theories has flared up in recent months.
Part of that money will go toward helping news organizations build video operations.
According to Mohan, YouTube starts to display information from third parties such as Wikip and Encyclopaedia Britannica, and video clips on well-established historical and scientific topics.
"We believe quality journalism requires sustainable revenue streams and that we have a responsibility to support innovation in products and funding for news", the company's chief product officer and chief business officer, Neal Mohan and Robert Kyncl respectively, said in a statement.
Similar to Facebook's attempts to fight fake news by adding information about publishers and articles to News Feed, YouTube said it is will add context to search results about breaking news topics to help people quickly see if a video is from a trustworthy source. When the YouTube Kids app reportedly showed violent videos, the company created new guidelines to protect kids from disturbing content. YouTube also banned videos showing how to make guns in March.
Rather than recommending a video first, the algorithm will point to a text-based story surfaced by Google News.
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This will include short previews of news articles in YouTube search results on key breaking stories.
In addition, YouTube presented a series of new features on its website to help users avoid hoaxes. These tests are being run in 25 markets across the US and Google says that local news has gotten "strong engagement" so far.
YouTube will establish a working group with reputable news organisations to improve its news experience, including Vox Media and India Today.
The platform is rolling out Top News and Breaking News pages, too, which highlight videos from global publishers about news events.
The first partners in the program will be US -based Vox Media, Jovem Pan of Brazil and India Today.
As part of the partnership with MediaWise, six YouTube creators - including John Green, Ingrid Nilsen and Mark Watson - will be creating videos meant to raise awareness about digital literacy and help educate teens about identifying legit sources of news and information. Currently, the Top News and Breaking News features are launched in 17 countries, including the USA, U.K., France, Italy, Japan, India, Mexico, Brazil, South Africa, and Nigeria.
Mohan said the new features are in effect in 17 countries, including the United States, and "we're looking to double that number in the coming months".
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