The Centre has definitively refuted circulating reports that Union Finance Minister Nirmala Sitharaman has endorsed an investment platform named 'Quantum AI,' which falsely claims to offer substantial returns with alleged government backing and "official status." The government's fact-checking unit, PIB Fact Check, has declared these reports as fake, explicitly stating that neither the Finance Minister nor the Government of India endorses any such investment scheme or platform, and this is not the first instance of 'Quantum AI' being falsely linked to the minister, as similar claims promising high returns for small investments have been debunked by the Centre multiple times this year, including in May when a webpage impersonating the National Portal of India was also flagged.

The Centre has definitively refuted circulating reports that Union Finance Minister Nirmala Sitharaman has endorsed an investment platform named 'Quantum AI,' which falsely claims to offer substantial returns with alleged government backing and "official status." The government's fact-checking unit, PIB Fact Check, has declared these reports as fake, explicitly stating that neither the Finance Minister nor the Government of India endorses any such investment scheme or platform, and this is not the first instance of 'Quantum AI' being falsely linked to the minister, as similar claims promising high returns for small investments have been debunked by the Centre multiple times this year, including in May when a webpage impersonating the National Portal of India was also flagged.

The Centre has definitively refuted circulating reports that Union Finance Minister Nirmala Sitharaman has endorsed an investment platform named 'Quantum AI,' which falsely claims to offer substantial returns with alleged government backing and "official status." The government's fact-checking unit, PIB Fact Check, has declared these reports as fake, explicitly stating that neither the Finance Minister nor the Government of India endorses any such investment scheme or platform, and this is not the first instance of 'Quantum AI' being falsely linked to the minister, as similar claims promising high returns for small investments have been debunked by the Centre multiple times this year, including in May when a webpage impersonating the National Portal of India was also flagged.

The Centre on Sunday made a major statement on the circulation of some reports that Union Finance Minister Nirmala Sitharaman had endorsed an investment platform due to its allegedly high returns.

The reports claimed that investors could earn up to Rs 3,00,000 with just an investment of Rs 22,000 into the platform—all with the alleged assurance of the government, as 'Quantum AI' had reportedly been given "official status".

According to PIB Fact Check, one of the government's fact-checking arms, such reports talking about the FM endorsing 'Quantum AI' were "fake".

"Neither the Union Finance Minister nor the Government of India is endorsing any such investment scheme or platform," it wrote in a post on X.

In fact, the name 'Quantum AI' has often been associated with Google—it is the tech giant's research division focused on advancing quantum computing—in addition to the investment platform in question, which could have given the claim a false sense of legitimacy.

The viral screenshot also resembled a news article from a reputed news platform, adding to the weight of the false claim.

However, this is not the first time that 'Quantum AI' has been flagged by the Centre for such claims.

Earlier this month, PIB Fact Check had also debunked similar claims of Sitharaman backing the platform's offer of upto Rs 4,00,000 for an investment of Rs 22,000.

In May, the fact-checking arm of the Centre also debunked claims of a webpage falsely impersonating the National Portal of India to promote 'Quantum AI' investment schemes, promising citizens similar fortunes. 

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