Latest news with #QuantumAl
News18
11 hours ago
- Business
- News18
PIB Fact Check: Video Of Nirmala Sitharaman ‘Promising Huge returns' Is AI-Generated
Last Updated: The PIB Fact Check team has exposed these videos as fake, confirming they are digitally manipulated scams. With the rise of artificial intelligence (AI), scammers are finding new ways to trick people. One of their latest tactics involves creating deepfake videos and fake celebrity endorsements to push fraudulent investment schemes. This time, fraudsters went a step further, using fake videos of none other than Finance Minister Nirmala Sitharaman to lure people with promises of unrealistic returns. Several videos have recently gone viral on Facebook, claiming that Sitharaman is promoting investment platforms that guarantee unbelievable profits, almost tripling money in a single day or multiplying it 100 times in just a month. These misleading clips have alarmed many social media users and sparked concern among financial authorities. What the fake videos claim In one such viral video, Sitharaman appears to say that an investment of Rs 22,000 could fetch Rs 60,000 in just a day and about Rs 10 lakh per month through a 'smart trading platform." Another manipulated clip shows her supposedly endorsing a scheme called 'QuantumAl," claiming that with just Rs 21,000, investors could earn up to Rs 20 lakh per month. The videos look convincing on the surface, but they are completely fake. The Press Information Bureau (PIB) Fact Check division has confirmed that the videos are digitally altered and deceptive. The bureau stated: 'A video circulating on Facebook claims that the Union Finance Minister is promoting an investment program promising that an investment of Rs 22,000 can help you earn up to Rs 10 lakh per month!" The PIB team further clarified that neither the Finance Minister nor the Government of India has introduced or approved such a scheme. 'No such plan has been approved or started by the finance minister. The Indian government does not have such a scheme. The video that is becoming viral is an attempt at deceiving the public," the fact-check post reads. The 'QuantumAl' false promotion Another widely shared video claims that Sitharaman is endorsing an investment platform named the video, she is shown saying that an investment of Rs 21,000 could bring monthly returns as high as Rs 20 lakh. The PIB team has once again confirmed that this video is fake and digitally manipulated. 'A video circulating on Facebook and other social media platforms shows Union Finance Minister Nirmala Sitharaman allegedly endorsing an investment scheme called 'QuantumAl'. The video claims that by investing Rs 21,000, users can earn returns as high as Rs 20 lakh per month," the post says. Is the Union Finance Minister really promoting 'QuantumAl' Investment platform ⁉️ A video circulating on Facebook shows Union Finance Minister @nsitharaman promoting an investment platform called 'QuantumAl' that promises users up to ₹20 lakh per month on an investment of… — PIB Fact Check (@PIBFactCheck) August 18, 2025 A warning for investors The PIB Fact Check unit has strongly advised people not to fall for such fraudulent content. Financial experts also warn that scams like these often prey on people's desire for quick money. Any scheme that guarantees unusually high returns in a short time should be treated as a red flag. Experts recommend that investors thoroughly research any financial opportunity before putting in money, especially if it is being promoted through viral videos or unofficial channels. While AI technology is opening up new opportunities, it is also being misused by fraudsters, making caution more important than ever. About the Author Business Desk A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Click here to add News18 as your preferred news source on Google. Also Download the News18 App to stay updated. First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...
Time of India
14 hours ago
- Business
- Time of India
Rs 20 lakh income from Rs 21,000 investment! Has Finance Minister launched promising scheme? Know what PIB says
Academy Empower your mind, elevate your skills Video claims investors can get Rs 10 lakh/month Is Finance Minister Nirmala Sitharaman really promoting the 'QuantumAl' Investment platform? With the advent of artificial intelligence (AI), scammers are using deepfake videos and fake celebrity endorsements to lure people into fraudulent, too-good-to-be-true investment schemes. And this time, they reached greater lengths, using fake videos of none other than Finance Minister Nirmala Sitharaman . Several videos circulating on Facebook have been falsely claiming that Sitharaman is backing schemes that guarantee returns as high as nearly 3x just in a day and 100x in a PIB Fact Check team has said that it's a scam using digitally altered fake videos. It has advised people to stay alert and not to fall prey to any such suspicious promotional read: Is there a new government scheme offering earnings of Rs 10,000 per day? PIB clarifies In a video making rounds on the internet, Sitharman can be seen saying that an investment of Rs 22,000 could generate Rs 60,000 in a day and approximately Rs10 lakh per month if people use a smart trading another video, Sitharaman, in an interview, can be seen promoting the 'QuantumAl' investment platform, suggesting investors can make up to Rs 20 lakh per month by investing just Rs 21, Fact Check division of the Press Information Bureau (PIB) has stated that both videos are fake, establishing that they are fraudulent, manipulated, and deceptive. It says that no such programs have been introduced or approved by the government or the Finance to a PIB Fact Check post on social media X, 'A video circulating on Facebook claims that the Union Finance Minister is promoting an investment program promising that an investment of Rs 22,000 can help you earn up to Rs 10 lakh per month!'The video has been identified as fake and digitally altered by the Press Information Bureau's (PIB) Fact Check team. The team says in its post on X.'No such plan has been approved or started by the finance Indian government does not have such a video that is becoming viral is an attempt at deceiving the public.'According to a PIB Fact Check team's post on the social media platform X, 'A video circulating on Facebook and other social media platforms shows Union Finance Minister Nirmala Sitharaman allegedly endorsing an investment scheme called 'QuantumAl'. The video claims that by investing Rs 21,000, users can earn returns as high as Rs 20 lakh per month.'The Press Information Bureau (PIB) Fact Check unit has issued a warning, categorically stating that the viral video is fake and digitally manipulated. The Finance Minister or the Government of India has not launched or endorsed any such platform, the fact check team says in its postBefore using any such financial platforms or schemes, prospective investors should be extremely cautious and do extensive research. These kinds of claims can be alluring, but it's important to proceed cautiously and do extensive research before investing money. Since they frequently include high risks or possible scams, many of these offerings might not be quite as straightforward as they seem to be
