skysight-inc/HackerNews huggingface dataset:
openai is expensive (ie, ~$25/mo for a gpt3 davinci IRC bot in a realtively small channel that only gets used heavily a few hours a day) and censored. And I'm not just talking won't respond to controversial things. Even innocuous topics are blocked. If you try to use gpt3.5-turbo for 10x less cost it is so bad with censoring itself that it can't even pass a turing test. Plus there's the whole data collection and privacy issue.

I just wish these weren't all articles about how to run it on proprietary mac setups. I'm still waiting for the guides on how to run it on a real PC.
There is a risk question that companies are responsible for that I see is glossed over. No, you shouldn’t have to spread your business accounts to limit them to 250k. But you must know it’s not insured above this, just like a money market account is not a guaranteed rate of return or even guaranteed against capital loss. Have lines of credit with alternate banks, or insurance on that additional money.

Or, just like when the market tanks, you suck it up and get back 80% of your capital on deposit because you couldn’t foresee a money market checking account could lose capital even though it’s spelled out on EVERY SINGLE statement and offering letter from the bank.
There are offsetting effects from building in public. There's the downside that it encourages copycats, but sharing numbers and strategy also wins positive public attention.

I personally pay for Plausible because I like how much they share. They frequently pop up in discussion on HN, and I think their openness drives a lot of that mindshare among the crowd here.

If it's a service I care about, I don't want to be on the free tier because I want a mutually beneficial relationship with my service provider. It's cheaper for me to pay a few hundred dollars per year than to have to scramble and switch platforms when my vendor folds or drops their free tier.
> I simply don't believe you ever founded a startup.

CTO Recourse Technologies; acquired by Symantec in 2002.

CEO, later VP of Engineering TransLattice; acquired by QualComm 2017.

And a couple of other things inbetween. Now I'm a middle school/high school teacher.

Your assumption of bad faith is terrible.

> A big variable here is simply when and how money market sweep funds will be handled and made available, if you had millions without sweeping into a money market fund, that's silly.

You just use IntraFi and they take care of the details for you. Odds are your bank makes the introduction when you ask the question about the exposure.

> This is one of the dumbest views

Make an argument without calling people dumb.

> If the government can protect against huge losses because of their liquidity, why in the world wouldn't we let them? The bonds SVB held are only mark-to-market losses right now because they haven't matured.

Duration risk is real risk.
I've been commuting for about 45 minutes on the subway and I sometimes try to get work done in there. It'd be useful to be able to get answers while offline.
> You literally couldn’t get GPT to come up with a single novelty if you tried.

Have you actually tried? You'd be surprised.
Looking for "meaning" in mathematical representations is often not going to be productive. Even for really simple things this is true. Imagine you give me a series of points, I do a quadratic regression, and give you back f(x) = 3.74x^2 - 8.31x + 13.33 as a means of approximating your points and even predicting future points!

What does the 3.74 "mean"? For something this simple you can still create some smart sounding explanations related to the curve, but even that quickly becomes impossible as you bump up the complexity a bit. The reality is that it doesn't really have any "meaning" - certainly not in terms of the input data. It's simply the weighting on the exponential that gives an approximation of your input set. That's all. And it's the exact same with the model weights.
> You're expecting early stage venture backed companies to have treasury expertise? Time to focus and think about that?

You hire a financial manager, in-house or a service. Basic delegation task that any one (individual or business) dealing with more than a million dollars should probably be doing anyways. Certainly anyone dealing with the kind of money we're talking about here with SVB's customers.
The writeup includes example text where the algorithm is fed a sentence starting about George Washington and within half a sentence or so goes unhinged and starts praising Trump...

Also, a reminder to folks that this model is not conversationally trained and won't behave like ChatGPT; it cannot take directions.
It’s a bit like having storage containers, if you have them you’re going to fill them up, otherwise why have them? I think “free RAM” as a metric is sort of a misconception. Having lots of RAM will often given you better performance, but don’t worry about not filling up your newly expanded gas tank all the way when you stop for gas.
Note: Real plants don't freshen the air in the dark, and need darkness cycles to rest.

Also, if you don't have a green thumb, good luck taking care of them.
Maybe it's a hot tip from the future?

Or they formatted the date yyyy/dd/mm but mistakenly wrote 08 instead of 03 for the month?
You're implying that all languages are equally likely to produce buggy programs. That's clearly false. There's a spectrum.

At one end you have things like Haskell, OCaml, Rust, (or if you go really extreme Dafny etc.).

At the other end you have Bash.

There's no way a 500 line Bash script would require 5000 lines of Python.
No, but the median salary for a software engineer is still 120k, a little under double the median salary across all industries.

It's hard to dredge up deep, deep wells of sympathy for folks who were already playing the salary game at double the value of half the players. One can't escape the sense that if they've done the kind of budgeting that a regular American does, they will be fine.
I flew Sydney to San Francisco once with the whole middle row to myself. It was awesome
This is just a first generation right now, but the tuning and efficiency hacks will be found that gets a very usable quality out of smaller models.

The benefit is have a super-genius oracle in your pocket on-demand, without Microsoft or Amazon or anyone else eavesdropping on your use. Who wouldn't see the value in that?

In the coming age, this will be one of the few things that could possibly keep the nightmare dystopia at bay in my opinion.
I strongly disagree.

By the same logic you might as well say:
"why are we even kerning fonts, who cares if there's a few gaps when i write »irl«."

The fact that using different dashes does encode meaning in a subtle sense does have relevance for semantics -- but that's, imho, almost secondary to this argument, as it's not as grammatically relevant as commas and. periods, for example.

The primary importance of using the correct dashes is that it preserves a good flow for reading and is paramount to micro-typographic balance:

- A longer dash to link words that belong together is visually perceived as an interruption and doesn't feel like those two words are one

- In reverse, a shorter dash when switching context -- or interjecting another idea within a sentence -- doesn't slow the pace of the text flow enough, and your brain will read/intonate it the same way as when linking words.

- And at last, either of them won't preserve optical balance when displaying a numerical range, as numbers are wider than a hyphen, but narrower than an em space, which would result in either insufficient visual separation compared to spaces following said numbers, or too much of an optical gap within an entity that belongs together.

That's the barebones set of dashes that are relevant for a balanced typographical appearance, not made up pedantic complexity to annoy people. Otherwise we'd be taking about half and quarter em dashes and the likes.
Grafana Labs – Observability Survey 2023
Some very interesting insights:
- 52%
of companies use 6 or more observability tools
- 11%
of companies use 16 or more observability tools
- 70%
of organizations have centralized observability

About the future:
"We posed an open-ended question about what people were most excited about in this space, and it’s clear respondents are keen to see the market’s continued maturation. Some of the top items cited were continued centralization, improved ease of use, and greater data correlation. Several OSS tools also made the list, including OpenTelemetry and Grafana Loki."
> People here are effectively suggesting that I shouldn't get my paycheck and that the company I work for should lose most of its money because our CEO used a well-reputed bank?

I am suggesting that your CEO not adequately insuring the companies bank deposit is negligent. If your CEO does not insure your HQ against fire, and it burns down, should it be bailed out by the government just so that you're not out of a job? Or is it not their fault that the CEO didn't use a "well-reputed landlord with adequate fire suppression?"
Given the constraints, the result of this auction is likely to be the closest measurement of “market rate” we’re going to get.
You need to look up time value of money https://en.m.wikipedia.org/wiki/Time_value_of_money

Having $1M in 10 years is the same as having $680k today, as you could buy 10Y treasuries that will pay out $1M

So saying "The FDIC should take on the bills and loans, and pay out the cash now. They will collect the entire balance eventually" is the same as saying "They have lost 30% of depositors money but FDIC should pay that 30% out of their own pocket"
This is not a Bitcoin Exchange where the founders have the freedom to do whatever they want.
Netflix never would have existed to begin with in a world without DRM-loaded media.

(The streaming platform, that is, not the original movies-in-your-mailbox service)
You could go stronger with your assertion, that the MBS are actually fairly liquid (defintion: a quick sale will not cause a large drop in their value) but have large losses in market value compared to when they were bought. SVB should not have been allowed to use HTM accounting on such a large portfolio of their assets generated from hot money inflows.
No, but whoever trains the weights can. Having said that, if LLaMA has been censored, then Meta have done a poor job of it: it is trivial to get it to say politically incorrect things.
>. If it was a short term funding issue, this is normal (at a system level, interbank lending always balances, just an accounting identity). But that wasn't done. Whether that's because other banks were unwilling to step in may be interesting to see.

It wasn't done because the assets SVB had at current market values was worth less than their liabilities. You'd be crazy to lend money to SVB.
These shares are not worthless at all if the bank has a future. SVB's main issue is that you have to wait for the treasuries to get back to the par value once they mature.

If SVB distributes shares of itself in prorata of the liabilities that they have toward their customers, then customers would essentially have majority of voting rights, and they can decide on what to do.

They can vote a resolution to get physical delivery of the underlying bonds, and individually decide to wait it out and/or sell portions of bonds on the market progressively (when they need cash).
> Two, the tech industry, especially the VC-funded end, is forever crowing ... there has been endless puffery and chest-thumping among VCs and tech startups

When you find yourself cheering for collective punishment you should know that you are absolutely the bad guy.
> every bank that isn’t considered too big to fail will see all their uninsured deposits start moving out

Small banks usually had to pay more for deposits and run conservative books for this reason.
In 2018 some countries had started experimenting with negative interest rates, so 0 isn’t the lower bound. Secondly, you would have been wrong for the next ~3 years. That’s a long time to be on the wrong side of a bet. Long term nothing is guaranteed of course.
> Sometimes our immune systems don’t work though. In that case we need vaccines.

Sorry, but that sounds a bit confused.

Vaccines bring information to the immune system to train it to recognise something as a threat faster than it would otherwise. Think of it as a "wanted dead or alive" poster. The poster doesn't go out and kill the baddies on its own. The poster is distributed to the sheriffs of the towns, so if the baddie shows up they recognise it for what it is before the baddie robs the bank. In this parallel the baddies are the infectious material (virus, or bacteria), the sherrifs are the immune system, and the poster is the vaccine.

If your immune system don't work, first of all that is very bad, second you don't need a vaccine. Because it won't help you! Same as sending wanted posters to a town with nobody who could act on them wouldn't make the town more secure.
What makes this seem like a non-developer tool? You need a server you control, you need to mess with YAML files, "configure Caddy" is one step that's assumed to be easy, etc.
Oh yes. I've seen that in my day job where a current project is a custom ASIC with a luxurious 1 megabyte of RAM. At the beginning of the project we were all optimistic, and people spent RAM with wanton abandon. But kilobyte by kilobyte, allocation by allocation, function by function, we started running into those limits for both code and data.

When you're in a custom ASIC though, there is no "just plug more RAM in", so I've had to jump through hoops to eliminate excessive allocations and push to other parts of the system the computations that require significant scratch space. But it all takes time and effort. The last two major refactors that restored our buffer took 6 months to complete. They did nothing to improve system functionality, they just bought us the space to implement new features.

That's a lot of developer time to burn for something that will help in the future, but isn't delivering value now.

And that's undoubtedly why we're always in a RAM crunch. We value tools for the speed in development and flexibility, but do not care about how much storage or power they waste. Otherwise JavaScript wouldn't be running the web.
In time.
> no fault of their own

Making bad treasury management decisions is not "no fault of their own". If people want to make the case for a taxpayer bailout, they should start with something like, "Look, we know we fucked up by [not paying attention to something important|taking a risk we thought we could get away with|getting high on our own supply], but we're humbly asking for help."

If somebody's house catches fire because they cheaped out on the furnace and the didn't get homeowner's insurance, I'm going to feel bad for them. They have some Kubler-Ross time ahead for sure. But unless they're family, I'm not taking them in.
What did SVB do that was shady and dumb?
The FDIC has a resource on this that goes into more detail.

https://www.fdic.gov/resources/deposit-insurance/brochures/i...

For this in particular:

>> "The FDIC insures deposits that a person holds in one insured bank separately from any deposits that the person owns in another separately chartered insured bank. For example, if a person has a certificate of deposit at Bank A and has a certificate of deposit at Bank B, the amounts would each be insured separately up to $250,000. Funds deposited in separate branches of the same insured bank are not separately insured."
Putting the money in SVB rather than another bank can be seen as a poor business decision by the startups - yes, they may have be forced to by their VC backers, or they may be just following the crowd

But reality is SVB isn’t a normal bank and it had the highest percentage of deposited funds that weren’t covered by FDIC amongst US banks
There is no hack. Exercise is non-negotiable. Our lifestyles are far too sedantry for our bodies' evolution. If you are not willing to add a small amount of exercise into your life, you are admitting that you are happy to at least have health issues later in life or at most willing to live a shorter life.
I don't think you're allowed to limit withdrawals on savings accounts or checking accounts. (Beyond the 6x monthly limit on savings)

Money Market accounts are allowed to have limits (and haircuts) applied. Etc. etc. As a bank, they'd have different accounts with different rules on each kind of account. But Money Markets aren't allowed to be mixed with the long-term treasuries that SVB were holding.

So it really depends on the mix of accounts, various regulations and such.
What’s coming to them, exactly? A new yacht and 12 months off?

Serious question: Is there any chance of any repercussions for the lobbyists, the execs that hired them, or even the people that moved the balance sheet into the previously “Illegal! Danger! Dragons will eat you!” corner of the risk quadrant?
Well, gpt3.5-turbo fails the turing test due to it's censorship and legal liability butt covering openai bolted on, so almost anything else is better. Now, compared to openai's gpt3 davinci (text-davinci-003) ... llama is much worse.
Former Spotify employee here. I worked on the original re-design back in 2013-2014 on iOS, the one that gave the current modern look.

I don't like this new redesign as well, as it is extremely busy and tried to do too many things at a time. At some point, the features are just good enough, and they shouldn't have messed too much with it but gradually introduce new things, instead of going for such a messy redesign.

This is very common once companies get large. The engineers and designer that made it a success move one, and New Designer Directors, new PMs come in, and they want to make their mark, and start changing things around, even if they don't need to.

I still prefer play.spotify.com (the web player), as it is still the old design style.
The sampler needs some tuning, but the 65B model has impressive output

https://twitter.com/theshawwn/status/1632569215348531201
> I think a lot of humans might make the same mistakes

Indeed, it seems ChatGPT is not that much of an improvement over the current state of affairs. At least not in the realm of science journalism.
Denial/wishful thinking are extremely powerful.

That said, body positivity shouldn't be thought of as having anything to say about objective physical health: there is zero reason a person who is obese should necessarily feel bad about themselves. Shame is a useless or detrimental approach to changing behavior; shame is oftentimes the reason people engage in unhealthy behaviors like overeating in the first place. Being overweight is an obvious health danger, but it does not make you a bad person.

Somewhere in the idiot echo chamber of social media the idea of a healthy sense of self worth got conflated with a healthy body.
Tip from the future works for me due to the news about new DeLorean[1]

[1] https://news.ycombinator.com/item?id=35116319
Ideally, definitely. In my local university, a similar situation occurred, and while the students didn't attend the lecture, they ridiculed him relentlessly on the way back to his vehicle. Behavior spreads and I think that type of thing has a frustrating idiocy. I think it just trains the dumber systems in your brain. The idea that the students had nothing to empathize with or understand is frustrating too however, and seems to be the implication in some of the discussion. The environment has primed everyone in that Stanford class to act that way, it is pretty sad.
"Well, I got as far as 'active life of consuming things'."
Yeah, there is no such "general consensus." I don't know where the OP got this idea.
There is more than one kind of bailout. Any taxpayer money going in is a bailout. Giving taxpayer money to rich depositors is a bailout.
is the guy who pays for the blue checkmark the same guy who pasted the link to his own tweet?
In fairness, the train crash had bipartisan support.
I just gave chatGPT the prompt "write a poem" and it gave me an original little ditty about nature.

The novelty was not in the prompt.
> Were there a higher percentage of Israeli startups than startups from other nationalities? I'm not sure I see the point of this submission vs the sea of other SVB threads on here over the last few days.

There's nothing unusual about highlighting regional coverage of a topic, and said regional coverage is going to have a regional focus.

California companies affected by SVB's collapse are getting all the attention, but this is more evidence that it may have even more impact outside the US. British examples:

"'We can’t make payroll': scores of London tech firms in cash crisis amid Silicon Valley Bank collapse" <https://np.reddit.com/r/unitedkingdom/comments/11olit9/we_ca...>

"Silicon Valley Bank collapse: UK tech firms at 'serious risk' from failure, warns Chancellor Jeremy Hunt" <https://np.reddit.com/r/unitedkingdom/comments/11pck3w/silic...>

Hunt's comments are much more serious than what Janet Yellen has been saying. Perhaps UK startups had no alternatives to SVB UK, while in the US there were and are other banks willing to take on unprofitable companies as clients?
BMI has a problem with tall people.
Sorry to do this but
2+0+1+2+0+8 = 23
The problem is that they invested in 10 years duration bonds, instead of 0-3 months or 1 year duration.

This essentially means, that if interest rates raise, then temporarily (the time of the duration of the bond) the bond may be worth less because there are new bonds which are more attractive to the investor.

Once the bond matures, then the full sum is returned to the holder of the bond.
> People here are effectively suggesting that I shouldn't get my paycheck and that the company I work for should lose most of its money because our CEO used a well-reputed bank?

If you want to be paid by the government, you should be aware that salaries are significantly lower, and perks are non-existent.

The government regulates banks and provides deposit insurance to to 250K.

The whole point of deposit insurance is to prevent retail bank runs by the general public.

Beyond that, it is the job of your CFO to manage risks, including the risk bank failure.

The last large wave of bank failures happened barely over a decade ago. These things happen.

Also, it sounds like your company will lose at most a fraction of its deposits.
You can do this quite nicely with serde in Rust. It’s elegant. There’s still allocations when needing to unescape values and expand the scratch space, but otherwise it’s all zero copy.

You can parse at over a gigabyte a second from stdin without any real tuning.
This is pure loser resentment lol
> Imagining Gen-E: A generation raised on emotional intelligence

> Image: A 'monster' saying "I feel valued today."

That's bad, not good. Feeling "valued" is teaching people to rely on others views of them, not their own internal views. If you're taught to take your value from others you're just being setup to be socially controlled. You can't have an unpopular opinion if you need to be valued by the group.

It's not, I think, that most of us think that emotions and the people having them are stupid, but that the things kids are being taught about emotion are counterproductive and will hurt them later.

Having a human check in is fine, but they shouldn't see their job as making everyone happy all the time. It should be in creating the most robust adults. We spend 99% of our lives away from teachers and babysitters so we need to know how to make our own happiness even in the presence of negativity and dislike or scorn of others.

You make a child stronger by letting them get hurt - but only a little, and suffer it alone - but only a little. In the end you have an adult who can be happy while they "fail" at tasks, or while receiving social pressure for unpopular ideas.
Thanks for the correction, I indeed misremembered where exactly the margin calls came from.

I guess the gist of the point I was trying to make still stands though. SVB was not the first fallout from rising yields on long duration assets. There is probably more improper hedging of duration risk out there.