skysight-inc/HackerNews huggingface dataset:
The point of this thread is that the explanation a human gives carries some weight because the human know they may/will be held accountable for the truth of that explanation. ChatGPT's explanations carry no such weight, since ChatGPT itself has no concept of suffering consequences for its actions.

So, while both humans and ChatGPT can and do give bogus explanations for their actions, there are reasons to trust the humans' explanations more than ChatGPT's.

Whether or not we hold humans using ChatGPT accountable for their use of it is irrelevant to this thread.
On targeting, is anyone else shocked at how, even with all this data on us, ads are still so awful and irrelevant? I probably get ads that I’m most interested in on Instagram, where I’ve actually purchased things based on seeing them in ads before, but Hulu ads in particular are absolute garbage. I constantly get ads for prescription drugs for diseases no one in our household has. Hulu ad tech also frequently plays the same exact irrelevant ad back-to-back, thinks it’s on an ad when it’s actually on content and so disables FF / RW controls, repeatedly restarts an ad block when trying to go to the beginning of content and will start the whole 3 minute ad block from the beginning unless it completely finishes, sometimes ads ARE able to be FF’d through, sometimes content just downscales to the lowest quality and won’t scale back up, etc etc. I just don’t understand how they’re such a huge platform and obviously advertisers are spending millions showing there, when the ad tech itself is such a steaming pile of hot garbage. If it was my business and they were doing this to my ads, I’d be very upset with them.
What happened from a regulatory perspective is pretty straightforward; in 2018 large regional banks like SVB successfully lobbied for a partial Dodd-Frank exemption. (https://www.npr.org/sections/thetwo-way/2018/05/22/613390275...)
Synapses of neurons change over time due to synaptic plasticity. This process is responsible for allowing learning and memory. Synaptic plasticity occurs through a combination of changes in the number of synapses and the strength of those synapses. So these brain maps are like a single frame still image frozen in time taken from a video of the changing connectome.
Undark:

https://undark.org/

It's along the lines of Quanta or Nautilus but with more of an investigative type of work, the main goal being bringing under-reported science-adjacent issues to light.

They do have a slightly leftist tilt but it's still mostly professional. I haven't really noticed them doing that thing left-leaning publications do where they act as though some matter of opinion is fact, and can't conceive of counter-arguments. They do a good job investigating all angles, in my experience.

I had the pleasure of accidentally meeting one of their editors for something entirely unrelated, but we did chat about the magazine and I was pretty impressed with her desire for rigor rather than agenda.
They are in my Garage. Along with Amiga Format and other such magazines. They can use them to cremate my body but until then, they remain where they are.
Love that you’re building a GD Time Machine!
This particular instance happens all the time.
Sounds like this commenter is not just arguing that language is being used incorrectly in this situation, but that the standard language and definitions are themselves propaganda terms.

(Usually people are a little clearer about their intent to argue that.)
I visited one of these open office spaces recently. It is ridiculous. They have white noise generators in the ceiling. In order to be heard when talking with someone adjacent, one has to speak loud enough to disturb others. Almost everyone wears headphones and does not collaborate in person. They should just be working from home.

I recommend that all those who might compete with me adopt these situations and give up on the difficulties of managing office space.
So you’re saying the government (taxpayer) will get back 80%+ of the funds it uses to backstop depositors. Isn’t that a small price to pay to avoid a total collapse of the local and regional banking system?
Yeah but treasures lost money last year. If usdc has duration risk which I’m sure they do they are probably under capitalized. What could easily happen is an alternate stable coin comes in offer say 4% while investing in T-bills and pocketing the one %. People will then cash out of usdc and move to something better forcing usdc to fail
In the aftermath of SilverGate and SVB demise people are rightfully (from their perspective) rooting for a shake-up at the top of the social pyramid.

I don't know if people realize but living in San Francisco and being at the helm of your own company with millions in equity funding is an extreme privilege.

Millions of things have to go right in order for that person to be in such position. That is the dream of many individuals who were not so lucky.

Now one thing goes wrong for them and there could be a turnover at the top, at least a shake-up, meaning other people will get to be in such extreme privileged position and the formerly privileged have to back down and go do something else instead. Something a bit less privileged.

Instead here comes daddy-government to ensure that everything is freezed in place with no shake up whatsoever.
SVB explicitly argued that it was not capable of risking systemic failure and on that basis gained an exemption from Dodd-Frank rules that would have prevented them from failing to hedge against interest rate risk that took them down.

https://fortune.com/2023/03/11/silicon-valley-bank-svb-ceo-g...

There has to be some accounting for that.
With the “conspiring”, I am referring to reports of VCs mass-emailing their investees to move everything out of SVB right now.
How do you expect Dodd-Frank to prevent every regional bank depositor with half a brain cell attempting to move their deposits to a big 4 first thing Monday morning?

Do you understand the consequences of that? If that happens, dozens and perhaps eventually hundreds of regional banks will fail and many many more depositors will be out money.
Yes, that would be a bailout. That’s not what the government is talking about (yet).
"The liabiity issue: extreme reliance on institutional/VC funding rather than traditional retail deposits While capital, wholesale funding and loan to deposit ratios improved for many US banks since 2008, there are exceptions. As shown in the first chart, SIVB was in a league of its own: a high level of loans plus securities as a percentage of deposits, and very low reliance on stickier retail deposits as a share of total deposits. Bottom line: SIVB carved out a distinct and riskier niche than other banks, setting itself up for large potential capital shortfalls in case of rising interest rates, deposit outflows and forced asset sales..."
"huge"?

Am I missing something? I know of this limitation but I dont understand why would anyone need this. What's the goal or running Windows on Mac to run WSL on it?
Carbon or Silicon. What is difference if its a computer neural net, or biological calcium ions and electrical potentials. Once you know how the brain works under the hood, we'll know that we have been tricking ourselves.
Borders did sell them in the UK (until the eventually closed up shop).
As someone who is facing the prospect of re-skilling my career again after being "disrupted" out of my first career, happening a second time 15 years later due to AI, my sympathy for your founders is in short supply. Your founders may get screwed like the many, many workers out there that get screwed all the time by factors beyond their control.

I mean, if you can save the jobs of the people you funded, great. But, founding a startup is risky, blah blah blah... and losing a few or a few thousand hardly seems like a reason to call congress. At least no more than any other industry getting disrupted. We've seen, and perhaps you've been part of, putting huge swaths of people put out of work. Huge swaths of business out of business. Industries that came crashing down at no fault of the business owner, other than not being prepared for some an unseen stealth startup who leveraged prior institutional knowledge to come and take it all in a flash.
And I live in “flyover country” and hear it plenty and it is a fact of life and business here.

Look, when corporations like Amazon look for a new HQ they head to places like NYC. They say it’s because of the larger labor pools there. And it’s even valid to an extent - Arizona keeps getting semi fabs because they already have semi fabs and labor. The opposite would be looking for some location with the characteristics to grow over time into the location a company wants and making the expanse a long term project. Population characteristics absolutely can change on the scale of decades.

Edit-Just to put a point on this. “Flyover country” is undeveloped country. It’s cheaper to develop. If you want to build a huge fab in the middle of nowhere it’s going to cost little more than the costs of supplies and labor. And there’s always a way to get labor if the price is right. Do it in NYC or SF and you’re competing with all the other current/future uses of that land and it’s going to be expensive. Probably going to face zoning restrictions.
>Because of the tight controls on the drug, prescriptions are almost always sent electronically from provider to pharmacy, and any changes or transfers must go through the provider.

Very different from where I live in Canada. I just get a written script and can take it wherever I like. The pharmacy submits the info to the provincial drug tracking program to make sure it's all kosher and when it is I'm on my way.

If a pharmacy every refused to fill it I could just take the script elsewhere.
SVB's Chief Administrative Officer, Joseph Gentile, was formerly the CFO for Lehman Brothers' Global Investment Bank.
I'd like to see a CSV file of the underlying data. I don't see one at https://statisticsanddata.org/data/the-most-popular-programm... .
Apparently, there is a digital video output project for the RP2040 already out there [0]! As for why digital video is more rare, it is because the common digital video formats are higher bandwidth and require higher signal integrity.

[0] https://github.com/Wren6991/PicoDVI
> That would look really cool, but would do little for receiving the health and mood benefits of natural daylight. Or for the sense of being connected with whatever is out there.

Add in some more light sources around the display that stimulates sunlight (something like CoeLux) and you might be able to get at least the mood benefits and some of the health ones too.

Artificial sunlight therapy is frequently used in countries that gets very dark during the winter, where there isn't many sunlight hours. I remember some friends many years ago went to those kind of therapies in the winter times and felt benefits from it. Not sure exactly what light sources they used, but if you can manage to buy those, maybe it'll be at least a bit better?
Smaller local banks and Credit Unions are great! Just don’t keep more than $250K in any one of them.

The governance of Credit Unions tends to be very transparent, at least for the two that my family uses.

Seriously, you are promoting giving business to the major Wall Street banks? I would argue this is against your personal long term interests.
An interesting bit: "It is not startups who lose money, it is their venture capital investors, and it is they who benefit from the bailout. Let us presume they don't suffer sunk cost fallacy. You have a great company, worth investing $10 million. The company loses $5 million of your cash before they had a chance to spend it. That loss obviously has nothing to do with the company's prospects. What do you do? Obviously, pony up another $5 million and get it going again. And tell them to put their cash in a real bank this time.)"
The only comic thing in this entire tragedy is watching the fanatics who have been relentlessly preaching to others such dictums as “move quick and break things” and “only the paranoid survive”, extolling the virtues of “creative destruction” and repeating ad infinitum the Reagan quote "The top 9 most terrifying words in the English Language are: I'm from the government, and I'm here to help" cry out for government intervention, with seemingly zero self awareness in how it basically contradicts their entire world view.
Bank runs aren’t a conspiracy they are emergent behavior. They are the reason FDIC insurance exists in the first place.
Suppose an immigrant is starting a restaurant, and has to pay up front to some suppliers that have been in business for 40 years for kitchen equipment. And the supplier goes out of business, and the money is gone. And the immigrant has no more time or money to hire a lawyer to submit a claim to recover it.

Is there a federal bailout waiting for the immigrant? Or the immigrant’s employees who might also be family members?

> What purpose does that serve?

The purpose is to show we are playing by the same rules. And that somehow, it is not always the poorer, the more uneducated, the ones born to the wrong parents who do not get bailed out.
Plenty of people were pointing out that is a scam as well.
If you did examine the arguments, you didn't engage with them. Instead you dismissed the conclusion with a flippant hand-wave.

Doctor: Here's why you should take medicine. It is grape flavor

jones: Underlying conditions be damned. I don't like grape flavor. Not taking it.

Doctor 2: Yeah sure, just eat chocolate.

jones: Here's my pharmacy's number

If your use of the atmosphere on your property harms my health or otherwise detracts from the value of my person or property, then you should be liable.

Liability shouldn't be limited by citing, "But I was within the EPA guidelines! Don't like it, take it up with the state! We all voted and you've had your say. Breathe in the toxic fumes democratically. You had your chance to elect politicians who in turn could appoint bureaucrats; Bureaucrats which can freely interpret and selectively enforce legislation as per their capricious whims. Yes, you've had your chance in the land of freedom."

Is there a bigger tragedy of the 'commons' than democracy? Everything falls under the public prerogative. Who you should marry and what you should eat or drink is now part of the 'commons'. What is private today can just as easily become part of the "collective good".
Uninsured Silicon Valley Bank depositors seek fire sale of assets
Kiwix has an offline Stack Overflow:

https://www.kiwix.org/en/look-at-us-we-took-stack-overflow-o...

I haven’t used it, but I’ve used their offline Wikipedia
The quote says the opposite of that. Depositors are not investors or owners. How can so many people misread this?
According to this [1] German article by Golem, they're coated with wax, which should them give some basic resilience against wet weather conditions, which should be enough, since they're built as single-use devices.

[1] https://www.golem.de/news/origami-des-todes-ukraine-setzt-pa...
At 1:1 take the money and run. Seems like that’s a recipe for a real run
> In one case, an executive cut and pasted the firm's 2023 strategy document into ChatGPT and asked it to create a PowerPoint deck.

This is beyond sad. Someone get that executive a golden parachute.
The Mac layouts handle the dashes well in my opinion (quotes not so much). Option+‘-’ is ‘–’ (en dash), Option+Shift+‘-’ is ‘—’ (em dash). Option is equivalent to AltGr in the Windows PC world.
The Fed wants to enforce fractional reserve lending, therefore they won’t permit a Narrow Bank (which takes deposits and holds them solely in treasuries). If the government provided unlimited insurance for deposit accounts, the thought goes it encourages excessive risk taking on the part of financial institutions.

Long story short, you’re caught up in monetary policy. To mitigate these risks, you can use deposit accounts that sweep across multiple banks to get the cash insurance you need, and your finance/treasury department can invest the rest in short dated treasuries (which are backed by the Federal Reserve with no limit, and are considered risk free) or money market funds which contain only these same securities.

https://en.wikipedia.org/wiki/Certificate_of_Deposit_Account...

https://www.chicagobooth.edu/review/safest-bank-fed-wont-san...
the irony of this whole situation is VCs and startups pouncing on the chaos to encourage people to move their money into even more opaque neobanks eg Mercury/Brex/Ramp as if they don’t have the same issues with relying on VC funded startup deposits but even worse in that their balance sheets are hidden.
>I predict that the open office floor space trend will go in reverse towards private office space.

I'm skeptical. At least in the tech sector, what I'm seeing is office space being downsized and rethought as primarily meeting and collaboration space.
I am surprised they show JPM in all their comparison charts (typically research doesn't cover their own employer). By showing JPM as an outlier on the opposite of the spectrum to SVB, it feels a little bit like a marketing document.
Which plan exactly? Yellen specifically said they have no interest in bailing out the bank itself and only care about depositors.

> “Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out . . . and the reforms that have been put in place means we are not going to do that again,” Yellen said on Face the Nation.

> “But we are concerned about depositors, and we’re focused on trying to meet their needs.”
According to Bloomberg, the CEO sold 3.6 million dollars worth of shares days before insolvency. The sale was scheduled back on January 26th.

Around the same time, analysts were commenting negatively about SVB’s earnings and liquidity position.

Please correct me if I’ve misinterpreted.

https://www.bloomberg.com/news/articles/2023-03-10/svb-chief...

https://seekingalpha.com/article/4573087-svb-financial-30-pe...
Upto sounds like a ceiling to me
I’ve been enjoying audio cassettes because they tend to have more audio per side than vinyl
This is FUD without analytic support. Loan portfolios are floating rate and pricing for loans has been stable. You need to look at interest rate exposure which is not in the loan portfolio.
Today the upper range of RAM in devices is in the hundred-GB. 10 years ago it was about 16GB or so, and making a (probably bad) interpolation I think it wouldn't be crazy to have the upper range in the TB mark in 10 years time. We could get there faster too, for specific use cases (compiling, rendering, etc).

On the other hand, yes, everyday use (web, mail, video/media consumption) don't require today much more than 8 or 16GB of RAM. If we go a bit creative, a PC with Linux can run very smoothly on 4GB alone, and surely someone here can point to their one anecdote of a machine with 2 GB or even 1 GB sporting a nice desktop environment, or 128mb CLI-only machine.

Edit: also memory has to improve its bandwidth and data transfer rates to keep up with faster processors, so it could also improve over 10 years time without much focus on storage capacity. Or maybe they focus on latency instead, or a mix of all three. Point is that it's not a single metric to improve.
I don’t know if the work they did in 2022 really warranted a bonus though. Doesn’t seemed to have worked out for the shareholders.
Other laws, which have nothing to do with depositors and how to treat them. I’m confused as to why you think these two issues are linked.

I would hope these execs are prosecuted and any bonuses clawed back but that would be under the purview of a different agency (sec) not fdic, and is not an immediate concern, whereas a massive financial shock and 100s of companies closing due to lack of funds is.
I just wanted to say that the experiment at the end where you had half the moon and the whole moon was brilliant, and perfectly illustrated the problem in a single picture. If anyone hasn't seen that they should.
For every one privileged founder there are dozens of employees who won't get paid.
“Only six months after the creation of the FDIC, government leaders realized the initial $2,500 limit was not enough to effectively support the banking system. So, on July 1, 1934, the FDIC limit was doubled to $5,000.”
Is this a thinly veiled cash grab? Otherwise, what actual problem does this solve?
> I’m using “like” in a very loose sense, actually meaning something more like “appreciate”.

then say “appreciate”!

stuff like this made this article somewhat incomprehensible to me.
Yikes. It shouldn't surprise anyone that deeply entrenched and connected SV power players are in a better position vs "everyone else" in scenarios like this.

That said, scenarios like these highlight the gross imbalances in tech which is often portrayed as a relatively pure meritocracy.

Getting at least a half-day jump on everyone else is a big enough lead - not to mention the access they have.

Once the situation was known outside of the SV insider-insider circle I assure you startup founders and teams - threatened with the scenario of potentially losing their hard earned capital, potentially not being able to make payroll, and even shutting their doors were not "staying at home and watching TV". They were working a lot harder under far worse conditions than calmly being one of the first to make a phone call or send an e-mail Thursday morning.
I see it as a self-fulfilling prophecy.

People perceive their bank as unsafe (whether it is or not), so lots of people start withdrawing their funds, and suddenly the bank fails because it can't fund those withdrawals.

It reminds me of the toilet paper shortages here at the beginning of the pandemic. People heard about others hoarding toilet paper, so they started doing it, and before you know it we had a huge national shortage for a while. Some folks had none or little toilet paper -- while others had tons. I knew some assholes who did that, and bragged about it like they got one over on everyone else.
>Anyone arriving at the U.K. border by air or rail without an ETA will be turned away, including if they arrive via Ireland but are not Irish or British citizens.

So anything who didn't apply an ETA will now be blocked? I thought they should at least offer an option for something like £100 to get it done at the border.

But that is a lot of inconvenience for travellers.
Both Ackman and Cuban have called for measures beyond "protection of depositors".

Ackman: "What should the FDIC do? @FDICgov to guarantee all bank deposits by Sunday night before Asia open and call a time out. Run a process to recapitalize
@SVB_Financial while managing liquidation of UST and MBS portfolios ... Equity holders pre-recap are wiped out, bond holders are protected." [1]

Cuban: "The Fed should IMMEDIATELY buy all the securities/debt the bank owns at near par, which should be enough to cover most deposits. Any losses paid for in equity and new debt from the new bank or whoever buys it. The Fed knew this was a risk. They should own it" [2]

In a following tweet, Cuban claimed "this isn't a bailout" [3]. Their tweets, like many of the comments here, seem to be arguing the semantics of a "bailout". However, both Ackman and Cuban are calling for financial assistance from the Fed, which is absolutely a bailout, if only "partial".

[1] https://twitter.com/BillAckman/status/1634694924707807236

[2] https://twitter.com/mcuban/status/1634416692301373442

[3] https://twitter.com/mcuban/status/1634418925331968007
Wouldn't the alternative rather be to use commas there, not a hyphen?

"Sometimes writing for money, rather than for art or pleasure, is really quite enjoyable."

In your head, do you read those differently?
> FDIC limit should be way higher anyway (when was the last time it was raised?)

In 2008 it was raised from $100K to $250K. The increase in the FDIC limit has actually outpaced inflation since its establishment in 1934, when it was $2500, which is $56K inflation-adjusted today.
most ugc is uncompensated
No worries. ;)