Infosys founder N.R. Narayana Murthy has clarified that he has neither supported nor invested in any automated trading applications. Fake videos circulating on social media falsely promote a platform called “Quantum AI,” claiming users can earn $3,000 on the first working day.
One video even features a manipulated version of Murthy collaborating with Elon Musk on the project. Murthy warns against falling for these fake videos and urges people to report such instances to the authorities. He emphasizes the prevalence of deepfake content falsely suggesting his involvement in trading platforms and asks the public to remain vigilant.
Today, in a statement on X (formerly Twitter) today, Murthy addresses the spread of fake news claiming his endorsement of trading apps. He denies any association with platforms like BTC AI Evex, British Bitcoin Profit, Bit Lyte Sync, Immediate Momentum, Capitalix Ventures, and others mentioned in fraudulent news items on fake websites posing as reputable news sources.
Murthy urges the public to report such instances to regulatory authorities. Highlighting the broader concern of deepfake technology, Murthy’s comments align with the recent government action against it.
Notably, last month, IT Minister Ashwini Vaishnaw announced urgent measures to combat deepfake threats, recognizing the harm it poses to society. He confirmed the introduction of new regulations to address the seriousness of the issue, emphasizing that deepfake is not a form of free speech but a potential menace.
On his public warning, Narayana Murthy, Founder, Infosys, posted:
In recent months, false news circulating on social media and various internet pages claims that I have endorsed or invested in automated trading applications like BTC AI Evex, British Bitcoin Profit, Bit Lyte Sync, Immediate Momentum, Capitalix Ventures, and more. These deceptive stories appear on fake websites posing as reputable news sources, some even featuring fabricated interviews.
I urge the public to stay vigilant and not succumb to the content on these malicious sites or the products and services they attempt to promote. If you encounter such instances, please report them to the relevant regulatory authorities.