In a recent podcast, Marcellus Investment Managers’ Saurabh Mukherjea highlighted that millions of middle-class Indians are drowning in debt, with soaring personal loans and credit card debt. Data from the RBI’s Financial Stability Review reveals that 45% of borrowers are subprime, with 48% of their debt used for consumption. Mukherjea estimates that 5-10% of middle-class Indians are in a debt trap, urging those struggling to seek financial counseling to prevent the issue from worsening.
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How OpenAI’s ranking tumbled in Betting Markets after GPT-5 launch
Following the launch of OpenAI's GPT-5, betting markets dramatically shifted, with Google's AI now seen as having a 77% chance of outperforming OpenAI's model, which plummeted to 18%. This change reflects real-time trader reactions and highlights the increasing competition and incremental nature of advancements in AI technology. Want More Context? 🔎
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