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The day in 5 cards

Poor climb, labs beg, vendors pledge. Ads fade, IPOs swell, coins vanish. Grip tight. Tap a card to see it full size, or a headline for the whole story.

  1. KKReckons visual explainer: India's $4.20-a-day poverty rate fell from 57.7% in 2011 to 16.1% in 2023, about 496 million people; extreme poverty fell from 27.1% to 2.6%, and about 57% of the poor live in the Uttar Pradesh to West Bengal belt.01Half a billion out of poverty
  2. Explainer: India spends under 1% of GDP on R&D, Mint notes, beside a ₹1 trillion fund; Mint writers urge lab-industry links, postdoc reform and outcome-based state buying.02Deep tech needs buyers too
  3. Explainer: the RBI-recognised Unified Fintech Forum is drafting a code for tech vendors covering governance, cyber readiness, resilience and accountability, after attacks exposed third-party weaknesses.03A trust badge for vendors
  4. Explainer: Alphabet lost nearly half a trillion dollars of value as AI squeezed search ads; Anthropic's IPO filing shows $16.3bn first-half revenue and an $80.7bn mostly non-cash loss.04Ads shrink, AI bills grow
  5. Explainer: Binance suspended deposits and withdrawals after a hack of at least $3bn, possibly the largest crypto theft; Tether and Circle froze some funds and analysts blame North Korean hackers.05The biggest crypto heist yet?

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