skysight-inc/HackerNews huggingface dataset:
I do agree that so far, the SVB's HTM accounting seems to have been entirely compliant. Indeed, I think those rules are the root cause of the failure--if the SVB had been forced to mark to market, then they'd have recognized the loss earlier, causing them to raise equity (or wind down less abruptly) before the hole got so deep.

Regulators can draft whatever they want, but if their rules depart too much from economic reality then bad stuff tends to happen. I think that's what happened here.
Not a lawyer, but I would be pretty comfortable with SVB -> personal account if you documented why and communicated about it in advance with board/counsel. (Obviously the next step would be opening a Chase/etc. account and sending the funds on to that, not using your personal account for company business on an ongoing basis, but a limited number of emergency transactions should be fine.)
Your 2 week payroll is more than $250,000 and you are bootstrapped?

I call B.S.

Something doesn't add up. Coming from an anon account no less.
Most startups aren't around long enough for it to be a problem.
They might not be able to differentiate between the products, but they should know you, and they should know what you're most likely to buy. If they show ads but you don't click on them because they weren't relevant to you, they've failed. At least they ought to know whether you'll buy Chinese brands like HNWERZ or will prefer a household name you'll recognize.

Essentially, they should be better than a great sales person in a regular store. You tell them what you're looking for "towels", and they'll show you some and quickly reiterate based on your feedback. Amazon has lots of advantages over a human sales person: they don't see you for the first time today. They have a perfect memory of all your orders of the past 20 years. They'll often even know what family members have bought recently. I don't believe they couldn't make you spend more money if they showed you an ad for the brand name your wife loves.
The point is that these diversified funds are much less likely to need the FDIC to bail them out all at once.
600K is the amount a redneck can pull working in the oil field in upper management. It is by no means "wealthy" unless you are in the Midwest or working as a white collar paper pusher in a field that doesn't pay well. It is high compared to a Starbucks barista perhaps but go to places like New York and Boston and the Bay Area level of salaries hardly stand out.

You can make 600k a year running small businesses like online tutoring too. Too many people (especially in tech) get overly caught up with hype and passion projects and refuse to put in the effort to remain dynamic and keep up with advances in their industry. If LLMs are the latest thing, go learn how the engineering and science side of language models work before launching yet another side project without doing any market research. Sure it's an empirical field, but you can learn a lot from simply replicating paper results. Drop that React tutorial and learn how variational learning works. Train and fine-tune a model yourself. Don't just blindly call an API and build products on undifferentiated factors like prompt engineering.

The writing's on the wall right now that machine learning engineering is what the industry will be embracing in the next 3 years. It may be partly hype, but it is obvious that there is immense value to be captured.
I promise you, differentiating these three absolutely does not matter
I would think if a bank if FDIC and you have less than 250k there, you would be fine.
Love the trick!
I’m working on something now that solves just this.

I had to build out a Next app last year with a seamless looking blog and docs site. I struggled to find real solutions, so I ended up getting in touch with Marco from Plausible to get some advice. He helped me to figure out their stack, and I replicated it to my project. I released a dope next app with a markdown powered blog and docs site that looked amazing.

I’m working on releasing a free cli tool for frontend devs based off this work. I’d love some feedback and watches on GitHub if anyone is interested. Link is in my bio.

SHOW HN and IH coming soon :)
Yes! We have a chefwave machine at home that does all the things based on what you put in there and then cleans itself. You get more of the nutrients and no added sugars.
> If I gambled away all your money you'd never give me more again

Apart from the arguing about the definition of gambling here applied to the SVB situation, no one is going to be able to give SVB another dime after this. They no longer exist. This is the exact opposite of risk free.
Reading further into that thread, someone provides the OP with a blurry image of the moon but with craters in the wrong places: the "AI enhanced" photo is indeed much sharper and detailed than the original but it still retains the craters and land features in the wrong place. This suggests that the processing isn't simply replacing the moon with real, high-quality moon photos but rather that it knows how the moon, or a moon-like object, should look and creates detail on the original image.

This looks a lot like what DLSS does in GPUs.

I'm torn on this: it's fake but it's a good way of getting around optics limitations in certain scenarios. Is fake detail on a photo worse than no detail for non-scientific, consumer devices?
I don’t think “pay for my stuff or stop using it” is really blackmail, no?
As with almost everything, Bash is easy once you learn how to use it ; )

I think this tool is useful for people who need to use the terminal right now, without having to spend quite a bit of time learning, e.g., Bash. Your point about the portability of Bash is, of course, valid. It just that sometimes you need to get stuff done quickly without parsing, at times unfriendly, documentation of more mature tools.
> I don't think I've ever met another dev who likes PowerShell

I have, a few! But they are the kind of dev to never publish their work anywhere, not even little shell scripts. Secretive windows power users
Inspiring read! I used Plausible back in the early days and it was a great product, I'm not surprised they made it big!
Isn’t it generally a cardinal sin of business finance though?
Termux [1] on Android may be good enough.

[1] https://termux.dev/
I apologise for my pedantry, but:

> the exception that proves the rule

To prove the rule is to test the rule; proof spirit is spirit that passes the test, and the proof of the pudding is in the eating. The exception that proves the rule is the exception that violates it (and shows that the rule is a heuristic, not a law).
I don’t think depositors should be made whole if it can’t be done by a combination of managing the bank’s assets, and sale of depositors to other banks.

So, if you’re saying neither the Fed nor the treasury nor the tax payers should bail out depositors, then I agree with you.
Do you think this happens often? What about people with "Reverse Imposter Syndrome" who eventually get into the elite company?
It is not. SVB account is frozen. Nothing in or out. Wire had to land March 13th so had to be sent Friday.
It would be more reasonable to say that classic RISC has some features in common with the microcode CISC designs had long used and, in the case of x86, still use. RISC designs like MIPS even exposed things like the various delay slots which, in a CISC design, would have been hidden by microcode.
For others who might be in the same position, it might be worth contacting your payroll processor. Ours, justworks, indicated that we could wire them the money on the invoice processing day and still make payroll. (That will be either Monday or Tuesday, I forget which - we somehow got really lucky; our payroll ACH got pulled right before the shutdown)
IMHO you have a low-generosity reading of the article you linked to, which says that this approach "de-emphasises weight loss as a health goal", and that "the basic premise of HAES is that 'well-being and healthy habits are more important than any number on the scale'".

This lines up with my experience. One can do things like the Potato Diet to lose 100 pounds fairly quickly, but it's definitely not a healthy way to lose weight, and it doesn't equip you to remain at a healthy weight for the rest of your life.
Da Vinci 002 and 003 are actually classified as GPT 3.5 by OpenAI: https://platform.openai.com/docs/models/gpt-3-5

ChatGPT is GPT-3.5 Turbo.
What makes stimulating 300 that computationally heavy?

(Doesn't sound like many?, but I've read that one single neuron needed 100 or so nodes in a deep neural net to simulate. But 300*100 also doesn't sound like many (nodes)?)

Edit: some explanations here:
https://news.ycombinator.com/item?id=35113498 (in this discussion)
People don't have access to that $250k right now, it takes time.
So if I've always heard that 64.7% of all statistics are wrong, or 83% of statistics are exaggerations...

/s
Startups that can be sold will be saved…

From a pure financial point of view Uber would never be viewed as a startup that was worth saving… for it’s investors the whole point of the IPO was to cash out and leave someone else holding the loss making baby
Yeah, that's (still) not what "bailout" means.
Claiming otherwise is being blindfolded. When I look at American politics, I can't see any justification other than the desire to help 1% and the apathy towards people who live paycheck-to-paycheck (or worse). We saw it in 70s, 2008, COVID, Student Loan Forgiveness cancellation, increasing rent/housing costs, and now seeing it, and will always see it. "Hate" is a strong word of course but the spirit is absolutely true.
did you overlook the "or" in my sentence?
Soon to come in those states - children coal miners:

https://imgur.com/nOP8jVV

https://imgur.com/RgLPM3v

Of course, even today there are child workers - in 3rd world countries.

https://imgur.com/v5UsSaQ

Glad to see we are becoming a...3rd world country???
FDIC insured funds haven’t been disbursed yet right?
> Especially this particular CEO …

Not just whims, this particular CEO has massive business interests in China which will result in a major conflict of interest in a potential US-China direct or indirect conflict.
It also seems possible that some VCs have their personal funds tied up in SVB.
With so much going on on the browser's main thread, keeping a canvas animation buttery smooth can sometimes be a challenge. I wrote about how Web workers can help ease that hassle by handling the painting process elsewhere.
Unvaccinated countries like PNG are not seeing increased deaths in under 45s.
A wire on the 13th lands on the 13th.
That's nitpicking. Regulatory bodies are also created by laws. Laws that prescribe criminal penalties for bad conduct are still regulatory in nature. Most US administrative bodies refer criminal activity to the Department of Justice for prosecution. It's all part of the same apparatus.
Many of the credit unions I've looked at don't allow commercial accounts. There's not a whole lot of need for people to hold more than the deposit insurance amount in one institution, whereas it does make sense for many companies. If more of the deposits are covered by deposit insurance, I think there's less of a risk of a bank run --- I wouldn't try to get a significant amount out of my accounts even if I knew the credit union was going to fail, because I know I can get it all on the Monday after it fails; guaranteed by NCUA, backed by the US Government. Still, I think a significant run would likely cause the credit union to fail, it's not easy to provide 20% of deposits on one day.

Some credit unions do provide service to businesses though. So they might have similar concentration of account issues.
I've always thought a CPU was an almost pure digital device: Maybe some analog things at the border to interface with the world, but I assumed the internals could be represented as pure digital gates with not much extras.

This reverse engineering shows a surprising amount of exceptions. Here again, the crossover mux has 'relatively large transistors' and the bootstrap drivers come up again.

Is this still the case today? AFAIK, an FPGA design behaves like a pure digital device, apart from timing.
Jump to the end of the line. Ctrl+a jumps to the beginning.

Both of these assume *nix cli and not windows.
Why would Spotify work on a UI/UX instead of adding HiDef audio?
Blocks always use braces, but sometimes you are passing parameters and other times you are passing a block.

If I spent all day as a PowerShell dev I'm sure I would know it, but for something I reach for once or twice a year intuitiveness is a feature I would like to have.
Only for the "worse is better" hypothesis. That is, we settle for not as good because there's plenty of it, and it is the plenty that matters over the quality.

What we lose in the drowning is the ability to distinguish quality. We forget which way is up, where the air is, and swim down further until it is too late.
Despite the negativity in the comments (and in the comments of the previous discussion), the architecture of Tabby seems like it would lend itself to implementing "modern" features like those in the "pricing TBD" Warp[0] terminal emulator for macOS.

[0] https://www.warp.dev
Your attitude is flippant and ignores massive risk. Was it meant to be sarcastic?

Due diligence. Risk. Opportunity costs.

JP Morgan is probably re-evaluating their own assets right now with the assumption that what happened to SVB might happen to them also in a few weeks/months.
Everyone will have $250K tomorrow.
People should be aware of the $250,000 FDIC insurance limit and take appropriate action. Add a joint account holder, split among different account types, split among different banks, etc. When I sold the $1M house in NYC I inherited from my parents, I immediately split the proceeds among different bank accounts. And frankly, I am not that smart, nor that rich, but I do have a high respect for money.
Well, no. My employer for example was banking at SVB and FRB, in no small part because it was difficult for them do bank elsewhere.

And there are many others in the same boat.
The deposits are spread over a more diversified set of banks and the risk is reduced.
Fair. Thanks for clarifying.
> Why do you think that? There is no axiom of "capitalist philosophy" that says "when one party screws up all parties must maximally feel the pain".

That was a capitalist business in which the depositors were LENDERS of that business with the understanding that the business would use their money for profit making activities and give them an interest rate and other returns in the process. Along with whatever investment scheme the bank was providing for its clients.

Those depositors could have chosen any bank in the US, and most of them have the power to choose any bank in the planet. But they chose SVB for what it provided. It was a business decision. They chose the highest yields by choosing this risky bank.

And now that the risk taking caused a crash and burn, the rest of the public who did not take those risks cannot pay for the sunken bank or its mega depositors. They all took risks, its their burden to bear. Profits cannot be privatized and risk socialized instead.

> There is a framework for unwinding these sorts of things. Depositor agreements as well as the relevant regulations and laws regarding business agreements and contracts are all part of the "capitalist philosophy".

Precisely. And the limit is $250,000. The government is responsible with bailing out that amount by law. Not the rest. Doing otherwise not only bails out risk taking depositors who took a risk while keeping all the profits - it also reduces SVB's liabilities and risk and props up its value. Its an indirect bank bailout too.

Laws and regulations that protect the players in an economy come from socialism. Not capitalism. In capitalism, 'buyer beware' is the rule and those who take risk and screw it up are left to sink with their bad choice. You live in a social democracy created by imposing socialist practices on capitalism.

If the laws said that "Up to $1 billion of each depositor account can be bailed out", yes, it could have been done. But it doesnt say that. And any such bail out of such mega deposits by using public money is a middle finger given to everyone who did not take such risks.
Yeah, I'm not arguing that "whatever will arrive at the most perfectly correct conclusion". (And I don't think that sql-spy was arguing that either.) What I'm saying is that I don't think this particular circumstance is going to be any less just than usual.

Indeed, I think there's good reason to expect it to be more just given that what we're talking about is mostly a short-term cash crunch that's easily explained. E.g., one company is raising $1 bn for bridge loans: https://techcrunch.com/2023/03/11/brex-ceo-is-trying-to-rais...

That kind of support is not something marginal startups have access to in normal times.
I don't think that's how the FDIC insurance works. I was under the impression that the 250k is after liquidation, the last resort. Anyway, SVB was really leveraged so I'm not sure how much of their asset book value is recoverable.
“It’s people like you what causes unrest”
What is six-figure loan? Is it like $100,000? Is it really a heroic act worthy of posting on the front page?
Circumstances changed.

Running a startup means time is never on your side. If you are still 8 months away from proving "soundness" of your idea then you are already too late.
Yeah people seriously underestimate how skilled professional competitors of all kinds are. You're used to seeing them compete against others at their level, which makes it seem reasonable. In most sports the worst professional would dust the best amateur without even warming up, as in that example.
You get a neural interface that lets you learn and process information 100x faster but there's always an ad in the corner of your vision. Do you accept?
Ask HN: What applications handle units well?
I know of MathCad, Maple Software, and Wolfram Alpha. However, I always end up falling back to spreadsheets when working with non-technical stakeholders. Is anyone working with better solutions than these?
Interesting risk factor from SVB collapse that we have never witnessed before
Also nal and naa but no: it's "comingling" that's bad. If you explicitly document the transactions, don't do it all the time, and ideally use matching amounts in and out, it's not comingling.
I defo agree the gov should provide transition periods and guide people whose jobs are getting obsoleted --don't cravenly say "learn to code" when you threaten to shut their industries down.

Also, the bell curve distribution means many people as you say are performing at their utmost and could not adapt to higher skills demands. That's just nature. But we do have to provide some kind of opportunity for them. Simple assembly or sorting used to be some of the things industry used to find work for them in --but a lot of that got shipped overseas and those people lost their independence.
I'm not saying it's true. I'm saying it's an article of faith.
Yet psychedelics and weed to also enhance your experience will continue to be federally illegal.
In this particular case that doesn't matter, because the only time you run Python is for a one-off conversion against the model files.

That takes at most a minute to run, but once converted you'll never need to run it again. Actual llama.cpp model inference uses compiled C++ code with no Python involved at all.
Comingling is. In this case there is a clearly articulable reason why ("our bank is going out of business"), and it's temporary, documented, etc. The twin risks to avoid are appearance of embezzlement, and appearance that you're treating the business account and personal account as one (which potentially allows piercing corporate veil/attaching personal assets), but if your building is on fire, you're allowed to break the window to rescue the kitten.
That is a reasonable reason, but on the other hand, that should not justify exempting the 18th largest bank in USA (the Silicon Valley Bank; as of 2022 https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_U...) from such regulation.
You're right, it is ironic.

But the fact remains, HN is free to use, the plugs on the front-page are clearly flagged so you don't have to read them, and apart from those the site is ad-free and looks and behaves a lot like the old internet.
Correct on value vs money! I was being sloppy.

What is that easy and plausible scenario?

The only one I can think of is if they suddenly started getting a lot more cash deposits than withdrawals, or we entered a deflationary spiral (unlikely).
Thanks that makes sense. What I was hoping to see was links to what specifically they did that was not smart. Eg did they really just buy a lot of bonds, not spacing it out?
Oddly enough I've never met an elite who defined themselves as elite. In fact the only time I've heard that term is when it's used as a term of derision, typically by populists who are themselves, elites.
The political side of me wants this, no handouts for wealthy. The contractor who works for startups in me, is afraid of not getting payroll, and we live paycheck to paycheck, so I'm just hoping my clients bank elsewhere.
Not keep the eggs in one basket. Have accounts for running costs in multiple different institutions. Basic prudency. Would also help with other issues, like a bank's mainframe catching fire and being unable to transact for period.
Customers have not lost any money in SVB yet, just access to money. It's more likely than not that SVB is bought tomorrow, starts running again and even uninsured deposits are covered. SVB ran out of liquidity, the assets did not vanish.

As a general rule, divide some money between multiple banks to avoid counterparty risk.

Same applies to funds, brokers, etc. When Warren Buffet's Berkshire Hathaway bought little bit of SP500 funds for a period, they dividied them equally between VOO and SPY for no other reason.
Kessler syndrome isn't magic.
Space is big. Starlink satalites are small. And they're low enough thst atmospheric drag will deorbit must of the small debris very quickly.
I dont understand the hate against SV/ tech bros. What did they ever do to anyone else?

Is it purely jealousy, or do people feel harmed?
I think you've partly proven that nushell is useful. `ls -d` doesn't list directories, it lists only the files given as arguments instead of their children. Also, htop is nothing like a scriptable and composable pipeline from ps, and there's no reason `pkill` couldn't co-exist with the equivalent of `kill $(ps | grep Notepad2 | grep -v grep)`.

Dozens of specific commands and flags for specific usecases aren't always enough, and, dare I say it, counter to the UNIX philosophy.
Use `--top_p 2 --top_k 40 --repeat_penalty 1.176 --temp 0.7` with llama.cpp
> It means a generation or two of people still caring for the excess elderly, and also caring for the excess young. Squeezed on both ends.

If you're talking about Gen Y and Z ( though Gen Y [millenials] only has another 10-15 years in a suitable baby-making age range) they'd have to also not be living paycheck to paycheck or with a very minor cushion to even entertain the idea of having kids.

I'm in my late 30s and I only have a couple friends who have had a baby in the last 10 years (well one is pregant). The rest are unable to afford more than their own 100-150 square foot room in a shared house due to the housing crisis in my city (Vancouver). I've already resigned that I would never be able to afford kids even if I wanted them
How do I prove I am a British citizen if I don't have a Brit passport?
I created a small script that runs every time I log into my work notebook. It starts VPN, Teams, Firefox, Windows Terminal and my other development tools. Huge time saver as I'm usually getting something to drink or brushing my teeth in the morning when I log in.
Liveoverflow - Exploration / explanation videos about it security https://www.youtube.com/@LiveOverflow

Stacksmashing - Videos about it security https://www.youtube.com/@stacksmashing

MIT Opencourseware - Courses published by MIT https://www.youtube.com/@mitocw