skysight-inc/HackerNews huggingface dataset:
Have you had a chance to use Bing Search with AI/ChatGPT? I have been using it for over two weeks and I am pleasantly surprised how practical and generally useful it is.

I pay for a premium OpenAI ChatGPT account, but except for explaining what code in unfamiliar programming languages does (including libraries it is calling), and occasionally having it write an email for me I don't get a lot of value out of it.

I do get a lot of value from the OpenAI APIs (as well as the offerings from Hugging Face).
1. Bank buys lots of mortgages (well, assets backed by mortgages) at 0 interest rates. Let's say those mortgages are $100 each.

2. Fed raises interest rates. Now new mortgages are shiny (they return more money) and those old mortgages are shitty, so now they are worth $75 ea. Normally not a problem as they can wait for those mortgages to mature and get $105.

3. Tech sector experiences a crunch. All the sudden more and more companies are taking money out of their bank account.

4. In order to process withdrawals, SVB is now forced to sell the mortgages it bought for $100 for $75. If this continues SVB won't be able to find enough money to pay depositors.
As a sibling comment to mine points out, people who "die or have their life destroyed" is simply one way to define victim in this context.

With mental health data being at stake here, the amount of victims under this definition could also very well be non-zero.

Anyway there are a lot of crimes, that don't produce those kind of victims. If I mug someone and don't kill them or destroy their life in the process, have I not commited a crime?

The privacy infringement here is an obvious damage to the dignity of everyone affected.
Wouldn't you feel victimized if I listened in on you speaking with your doctor, wrote everything down, stamped your name, address, and date of birth on it and started giving out copies of the resulting paper to random people? Which is exactly whats happening here, except my example is more harmless by a factor of a few million people and has a lot fewer data points.
A reasonable percentage may consist of immigrants who qualify to practice in their native countries but do not in America. I think that’s a thing.
They won’t in the short term. Even the GFC had a multi year slow roll. Markets can remain irrational longer than you can stay solvent and all that
Plotting Constellations
They’re still supposed to have swimsuits on, to continue the metaphor. If anything, their customers are relying on trusting them more during turbulence.
I love Cory, and read much of what he writes,

but he is without being fully self-aware about it starting to go down the same road that doomed Chomsky,

being so compelled by a compelling frame of critique, that it necessarily becomes the first and insidiously becomes the only real lens he views things through.

One of his tenets is that Technology is Hype. This may be true, but not all technology is hype; and the fact that hype is regularly an outgrowth of other equally intelligence observers finding reason to be excited, is something he is far too breezily dismissive of.

I welcome a critical and sardonic voice, and the regular deflation of the over-inflated,

but he is starting to predictably be derisive too quickly and too broadly, and to assume bad faith (or naiviety) too widely.

He's a smart monkey, but there are other smart monkeys, and AI in specific is one area where he's beginning to genuinely miss the scale of the disequilibrium coming.

This is a shame because many of his most passionately-held convictions and campaigns are going to be significantly impacted by AI.

He has a window and a pulpit to shine a bright light on the intersections where real change is accelerating or otherwise changing the landscape of some of the things he is most concerned about.

He's missing it.
"first... this year" is it me or is that unintentionally foreboding
I would posit that common sense is the antithesis to government. Consider children whose parents are arrested for letting them walk to the park, or the woman arrested for silently praying, in her head, while standing in front of an abortion clinic.

Prosecutorial abuse is equally, if not more of a crisis in the world, than police abusing their arrest powers.
...or FUNNY!
They would be better if each person worked fewer hours so more people could have jobs and demand higher pay.
https://twitter.com/fabiusmercurius/status/16342279961723658... (The whole thread dives in more).

Essentially, when interest rates go up, current bonds temporarily fall in value as people can buy higher yielding ones. For a variety of reasons, SVB needed to sell the bonds at a loss now to cover deposit withdrawals, etc.
I've heard from a few people today who have Cash Sweep Accounts at SVB:
https://www.svb.com/liquidity-management/deposits-and-invest...

Some claim that these accounts are insured/protected up to $125m, but I can't find any info online to corroborate that.
Even if it were funny, my point is that I would expect directors to be deliberate with when and where they put funny things in their movies.
Also don't see how it's possible. EEE relies on permissive licensing, which lets you make a better, proprietary version that everybody switches to. Mastodon is AGPL. I suppose if Meta built a competitor that was so great it killed all the Mastodon servers... But thats not going to happen. Perhaps if they built an activityPub platform, then disabled federation when they got enough users? Doubt that would work either.
> If you use the same ID with multiple websites then it can easily be used to connect them, for better or worse.

This. While I avoid creating accounts as much as I can, when I do, I do not use the same "identity" for each of them. The ability to have multiple independent identities is, in my opinion, essential.

What I don't want about any kind of identity system is that I can only have one.
> iterators

> without loops

This is a false dichotomy. You can use iterators to replace three-clause loops without changing the body:

for row in 0..rows {
for col in 0..cols {
arr[row][col]
}
}

This is far easier to read than three-clause loops which repeat redundant information repeatedly and redundantly.
> Also means we may be about to start seeing a lot more of them again, assuming we're getting closer to the next big recession.

That's a giant assumption.
In my country, Italy, all online public services already must accept government-issued digital IDs only, by law.

They come in two forms: SPID (which is just username and password + TOTP, issued by private companies on behalf of the State, but allowing you to change your provider without becoming "a completely different person" [1]), and CIE (which is the new national ID card, and can be used as an electronic ID using any NFC reader).
Additionally, some services allow to log in using equivalent eIDs from other EU countries [2].

[1] https://www.spid.gov.it/en/frequently-asked-questions/

[2] https://eid.gov.it/?lang=en-001
That's not how FDIC works. Its job is to protect account holders, not banks. SVB is dead; its shareholders and bondholders will be wiped out, includng the money they raised from General Atlantic this week.

The account holders' accounts, and likely all the loan portfolio, will go to another bank. The new bank will adjust its reserves from the Fed in the usual way, and may get some capital from the FDIC (warning: I am not au courant how the latter works post the GFC).

The FDIC uses its own large (and augmentable by congress, not that it matters in this case) balance sheet to back some or all of the deposits. It seizes all of SVB's assets and unwinds them as it decides to...with the proceeds going to FDIC.. Whether it dumps them on the market or holds to maturity is the FDIC's decision and has nothing to do with what happens to SVB. The people who went to SVB HQ and the people who decide what to do with SVB's assets are completely different people.

Read my reply to kmod.

> SVB was the 15th largest bank in the US. That's not a small bank.

The money center banks are the ones that matter. Most retail deposits are held by a handful of banks. Being the 15th largest bank is not like being the 15th university in the rankings (i.e. not that different from the top 10) but more like being the 15th biggest car company. I wouldn't call FDIC's balance sheet "enormous" but it can handle SVB without breaking a sweat.
The cost of money is very different now though.
>Do you think it's strange people are excited for the economy to fail?

People knew free money was dangerous, planned for a return to sanity (QT) in 2018-2019, and were financially punished for acting responsibly by believing the Fed would follow its roadmap.

They may get their day in the sun now and I cant blame them for being happy at the first signs of a temporary return to reality.
As Darwin said, only those who adapt are able to survive
Well, one junior anyways...
> Sequencer is described by Pestell as “a single threaded UDP multicast middleware messaging bus

Never heard of it...the article does not give any references...might as well be some closed library considering we are talking high speed trading systems.
Venture-backed startups are weird in terms of cashflow compared to traditional businesses.

They appear out of thin air with no history and millions of dollars. They then constantly burn money in the tens to hundreds of thousands of dollars a month until they disappear or get injected with millions more dollars. Often, traditional banks don't know how to deal with these entities and it sets off tons of alarms in their fraud and risk management departments.

SVB and related departments know the business and financial models of startups a lot better and are more willing to help.
I fear that it will fail because it rejects information hiding. There isn't all that much new C being written, so it seems counterproductive to renounce the users that (have to) follow coding standards like MISRA C and CERT C.
> And the social networks themselves do not have my phone number.

Yeah, they probably do…

Back in the before times people would keep up with their “Social Networks” by running into them at parties or whatever and “Update their Status”. Sometimes people would even “PM” each other over dinner and drinks outside of these “Group Chats”.

Hard to believe, I know, but somehow the human race managed to keep going.
Really? That's surprising to me. I worked a hospital job for several years, and had heard of employees making minor infractions who were fired and sued by both the hospital as well as the patient(s). Though those were individuals, things could be different if you're a corporation [rolls eyes pessimistically].
You did mention on your Pingora post months ago that that would be open-sourced eventually though. Is that still the case? Is Oxy entirely separate from those plans?
It's not even only children, it's literally everyone. Who thought it would be a good idea to put a screen in everyone's hand with infinite content that's engineered to be highly addictive. It's a fucking no-brainer.
I think motivations for wanting to write in Bearblog are quite understandable for somebody in this community. Is there a particular reason why writing in Bearblog would be a surprising and/or bad thing that needs defending?
Forecasting, Science, and Epistemology
>You can almost find government bonds with similar average yields.

Not a few years ago. T-Bills were paying like 0.1% in 2021[1]

[1] https://home.treasury.gov/resource-center/data-chart-center/...
Correct. But you do know the passphrase, and, from the viewpoint of Secure Boot and the locked-down kernel, you (the legitimate owner) are also the attacker who tries to run some unapproved kernel-mode code and will stop at nothing in order to do that.
1.5% of $80B is actually $1.2B
Yes it definitely helps me when I try to explain it, so that’s something
I love the optics of remnants of Silicon Valley bank being owned by the gov alongside Fannie and Freddie. Behold the graveyard of poor risk management.
My YubiKey seems pretty rugged, which is why I feel okay carrying it on my (physical) keychain.
Thank you for this. That it corresponds almost exactly to the introduction date of the smartphone, then 4G, and then IG is telling. Maybe it's just correlation, but the feedback loop doesn't look like it.
> The US has banned Russian media

You can still access Новая газета from US. Although this may change since their rights are continually being decreased in Russia where they are based. Anyway my point is that your claim is false.
What about all the kids that get shot trying to steal food from a drive thru because it's a TikTok Prank?
If I understand std::variant, it THROWS if you try to access the wrong type?

I should have been specific, but all of the errors I mention above are compile-time errors, not run-time.
Ask HN: Which startups are using SVB?
Big banks do not understand the cashflow situation of startups. They flag standard fundraising as fraud, drug money, or money laundering (or simply won't open an account in the first place).
I agree about the 80s. If anything, we viewed them as a bigger threat than they really were, our defense industry in particular. But the USSR fell apart in 1989 and Russia was a spent force in the 90s. We bought Ukraine’s nukes with money because we could. But we, George W Bush really, then underestimated Russia in the 2000s.
This is bad. This is real bad. ...and I don't think we're going to know the depth of the badness for a while. Think the credit crunch that precipitated the 2008 crash. Though this will be localized to tech startups and it's only the kinds of people who read Hacker News who are going to be affected. A massive wrench has been tossed into the economic machinery of Silicon Valley and other tech hubs.

A bunch of companies now have no or little operating cash and all they're going to have on Monday is $250k each.
May be nice for an acquirer. Roll those long term bonds into very short term treasuries - take that big loss now - and earn 4% going forward.

Rates will eventually top out - they just had made a very bad bet at 1.5%/10 yr.
I'm not familiar with the reasons behind those particular subs being banned, but in my experience "toxic communities" are a more common reason for a ban than the subject matter. If a sub wants to discuss gender identity and politics that's one thing. If that same sub then becomes a rallying place for those who brigade and harass other users or subs and the mods don't respond to admin requests to stop it then the sub gets banned. It's not true of all cases, of course, but it is common and something that most users of those subs will probably never be made aware of as the content is controlled by the mods who may or may not support the behavior that got the sub banned.
This surprises me. I wonder what the mechanism and incentives are for a bank to sweep deposits to another bank.
Maybe... but SVB's immediate issue is that they lent money when rates were zero and those loans decreased in value when interest rates went up. This type of issue can only be caused by a decade-long zero-interest environment where people stop believing rates will ever go up again. It's interesting how every financial crisis has its roots in the specific economic conditions of the time.
Deception rendering it a miserable experience has been a continuing and growing complaint about online dating since it first started, so while there may have been yet another increase in degree, I don't think it's really a change in kind.
> They sold some of the assets bought at step #1 at a loss (dont know why)

I imagine they ran out of their more liquid instruments.
That sounds like US secondary sanctions.

A working system when your community is popular to deal with
Silicon Valley Bank is being shut down today by regulators
I think an important backdrop here is the initial catalyst for this (to my understanding) was a decline in VC funding and elevated cash burn in their clients, leading to a net outflow of deposits, which is ultimately what necessitated selling securities in the first place.

When the economy is generally healthy and your clients are diversified, deposits remain fairly stable. If this had happened, SVB likely would not have needed to sell the low-yield mortgage backed securities to cover liquidity. SVB is very exposed to the venture community and very impacted by the changing climate.
They have 48 h weeks and the ability to add an extra 50 hours per month.

There's a name for places with a 60 hour work week: they are called sweat shops.
I had the vague impression that after the 2007 crisis, banks holding retail deposit accounts were not allowed to invest in stuff like MBS, only investment banks (without retail accounts) were.
With only a look at the summary numbers above, it looks like they tied up 40% or so to 10+ years. I don't know what the right percentage should be, if that much is going to be tied up in hold-to-maturity, you would expect it on a rolling basis which reflects the long term liquidity of your deposits.

On its face, such a purchase would only be done assuming rates and markets will remain the same. I wish I could say that accusing a bank of making such a naive purchase means that interpretation is wrong, but these banks keep doing things like this since it's always worked out before. I'm sure it's much more complicated, but sometimes that's because it should have been a lot less complicated.
This is a pretty serious thing for the UK. It looks like Lineker has been suspended for criticising the government. Lineker is the highest profile and highest paid presenter on the BBC.

This is with a backdrop where the Richard Sharp the BBC Chairman is Tory party donor and has been accused of helping the former Prime Minister, Boris Johnson, to secure an £800,000 "loan".

I've put that in quotes because it's not entirely clear that Johnson would have ever repaid it.

Right now it looks like Linekar's fellow presenters are refusing to go on without him.
Serverless CI with Podman, Firecracker, Fly.io Machines, and Temporal.io
Why would we ever need this? We never compare rape and murder, for that matter. We have the entire justice system for that, with judges and courts and prosecutors and defenders and jurys.
You see this in hospitals too and I believe the rational there is that you want to reduce the number of shift changes. In a manufacturing context where you might need to shut down the line in order to change shifts it might be a big money saver to only have to do that twice a day even if you're paying out overtime.
Would you also appreciate the effort that went into making nice linen or silk when using it to wipe yourself?
When workers work longer hours, employers can lower wages due to higher labor supply.
It's all well and good to disagree with the policy, or the choice of the word "illegal". Had Gary Lineker done so, we wouldn't have heard a peep. But he called it Nazi rhetoric, which is hysterical, divisive and harmful to the public discourse.

> If people are crossing the channel to apply for asylum, then I don't see how it can be determined that they are illegal.

Intentionally circumventing legal entry points when entering a given country is generally illegal.

> It's not possible to apply for asylum from outside of the UK, so they can only apply once they hit our shores and yet Braverman is branding them all as "illegal"?

The UK doesn't grant asylum to people who travel to the UK through a 'safe third country'[0]. Why would sneaking across the channel be made any less illegal by making an invalid asylum claim?

> The immigration services have been completely stripped back by the Tories, so a lot of the statements are a result of their toxic-environment policy on immigration.

Tories were elected to implement immigration reform. What makes it toxic?

> Honestly, the asylum issue is a right-wing dog whistle and it's not actually a big problem with the UK.

The Tories are in power and this issue matters to their constituents. Waving it off as a "dog whistle" assumes bad faith which is, in my experience, a poor substitute for understanding the other side's arguments.

Also, "It's not that big of a problem" is an odd formulation. You acknowledge that there's a problem, but don't want it solved? Help me understand this mindset.

[0]https://www.gov.uk/claim-asylum/eligibility
Google, Meta hired talent to do 'fake work'
My take:

1. Some mighty people/companies will bail out all depositors as this would cause a chain effect damaging the whole USA innovation.

2. Still, the consequences will be grim as many startups will lose access to venture debt and need to do layoff quickly.
Typically the FDIC finds another institution to buy the distressed bank, and backstops losses on bad assets. They were not able to do that in this case

I suspect many depositors will be taking losses in this failure
I strongly suspect the war on drugs was initiated mainly because drugs were ruining many lives (just like they do today), and that selling illegal drugs was perceived by the majority of population as a crime deserving a harsh punishment.
I can't see many startups having that sort of salary bill, unless they are a small seed with just a few founders working on a small wage as a sacrifice for their own investment. A lot of these startups would have hired during the frothy 2021 early 2022 phase when $250k might just cover a single employee.
I work as a DS lead and have been as DS since 2016. I don't have a master's degree, only a bachelors degree in Econ and a bachelor's degree in Stats. However I code since I'm 14yo, so I'm very capable in the programming side of things.

I have missed carrer oportunities due to the fact that I don't have any further academic achievements besides a bachelors's degree. The small startup might hire you, but the large bank, or more "settled" company, or a large consultancy (big4) won't. That has been my experience so far.
What kind of corporate but tech stuff do people find interesting? Curious, im looking to write more to practice but idk exactly what kind of stuff people are interested or what level of technical information they want too. Interested in anyones answers
Sure, if depositors said "ok we'll let the bank ride this out." But that's not what happened.
Not the new crypto hype, rather .com hype, and only if investors start throwing money at "AI Metaverse Pet Generator Deluxe"
> I waged that car 4 times in three days.

"waged"? Do you mean "waxed"?
The problem is with MBS but not for the same reason.
Maybe in your universe, not in mine. I use nice notebooks and nice fountain pens for the most banal shit. I can afford to go through a few $30 journals per year even if they're filled up with nothing but my daily to-do lists.

Whatever works though.
Doctors were involved all right, thus the “pill mill” part.
Nope, this is why we have the FDIC, most americans wont even notice
Overwatch Gameplay Architecture (ECS) and Netcode [video]
Yes, I would love to participate. There is nothing very impressive about my home studio, other than the fact that it exists. It happily houses my grunge band that I play in with my wife and best friend. Much of the equipment is old/half working as I have been writing and self recording music now for 15 years, but only as a hobby. I also have extensive experience with algorithmic music, developing many tools from scratch. I would be happy talk about any of that stuff. Feel free to send me a DM :).
Shocking portfolio design isn’t regulated given how much of banking is regulated.
There's nothing sensitive - I just don't like being treated as a potential criminal.
Reminds me of Noah Smith's recent article, Vertical Communities (https://noahpinion.substack.com/p/vertical-communities).

It does seem like there is a slight trend with some of the Twitter-exodus leading to users going to specific Mastodon communities, which seem closer to subreddits than Twitter. Takes me back to my early internet days of growing up on phpbb forums.

But then of course you have the flip side of companies trying to copy the Tiktok model, one feed with the algo ruling all. I think I prefer the former though!