skysight-inc/HackerNews huggingface dataset:
Great writing requires you to position your idea in a way that will resonate with the reader. Average writers start with what they want to say without considering how it will land with the reader. Great writers understand the journey starts with what the reader desires. Think of the difference as starting at the beginning or the end of a maze. When you start at the beginning, you have to convince people the path is the right one. When you start at the end, they already know you’re taking them where they want to go.

Isn't this just being a hack or predictable? I think another part of writing is taking risks. It's hard to know what will work or not, and you just got to hope for the best. My rule of thumb is to assume most things will not work. Low expectations are easier to beat.
If 20 people give you $1,000 each totaling $20,000 and you just know you can make $50,000 by holding it for X amount of years thanks to the economic gods, what happens if your $20,000 suddenly is only worth $5,000 thanks to you having to sell said asset much sooner than you would like?

Now you know why.
> Is it fraud to blanket an area with signs saying "Cash for Diabetic Testing Strips" then go around door to door and sell (bill medicaid) testing strips to Medicaid recipients?

I saw one of these and was sort of confused (if you're diabetic don't you need the test strips?) but apparently this is legal and happens everywhere! It seems it isn't legal for pills because it's considered "misbranding" and there are some storage requirements but when I read about cases of that it sounded even more alarming. People with HIV selling expensive HIV medicines they got for free for $20.
What reserve requirements? The last US reserve requirements were eliminated 3 years ago.
It could definitely be less than 90%. But yeah, it's not just poof gone.
> and I'm honestly not quite sure we're doing it right in northern Europe with our extreme privacy for convicted people...

The result will be that convicted people are additionally punished and shunned by society after their release. That's essentially just inviting vigilante justice and also makes it more difficult to live a crime-free life. But I suspect you knew that.

I wonder what balance you have in mind? Right now only famous people are the exception in northern Europe - their crimes and the result of their trials are generally published.

However in many of these countries the results of trials of ordinary people also often appear in publications, they just aren't mentioned by name. It seems to be mainly consumed as entertainment and publishing names is not really needed - any society that needlessly ruins people lives for the entertainment of others would be sickening.

You may ask: how to do background checks then? In many countries you can ask the police to certify that you did not commit certain kinds of crime. Your employer can't just check somewhere. These kinds of certifications are often required for jobs involving large sums of money and/or working with children, but cannot be required for other work.
> ... she was not causing any disturbance.

Sounds like she was definitely disturbing the clients of the abortion clinic.

Intimidation is a thing after all, thus the protection order, which she knowingly violated.
Most of them don't need to be made whole to make payroll in the short term. The FDIC is talking about a dividend for next week.
Huffman encoding the weights (treating each 16bit float a symbol) could reduce the weights size to ~85% the original (I calculated this exactly before, but am going from memory). You could maybe get a bit more than that with arithmetic encoding (if you managed to decode fast enough), but it shouldn't be that much more.

Once you start including lossy steps like quantization though it's much less clear. At some point you just reach "knowledge distillation is an open problem".
The redundancy is knowing that FDIC liquidation can handle the problem soon enough.

Do mid-level software engineers typically diversify across every single point of failure? Architectures? Programming languages? Compilers? Too much diversification itself can be a point of failure.

As long as you have a sufficiently robust insurance backup (the FDIC) choosing a robust single point of failure seems like an okay idea for business operations (it's not like it's literal life support). The people at the FDIC aren't machines; they can do what's necessary to fulfill their function in a timely manner.
> was more of a regional bank, specifically one servicing SV, with at most sporadic branches elsewhere

Top 20 by assets and with a branch in New York. That’s a national bank.

> why did so many startups and VCs bank with them?

They were first and did what they did well. That doesn’t make them preciously unique.

> would personally be hesitant to use this terminology for others, unless they're actually doing something truly impactful and impressive, like curing some horrible disease, going to Mars, or at least actually in the military on some mission

Over a bank?
I was trying to find out more about this. The reserve ratio was replaced by an “ample reserves” policy, wherein the Federal Reserve pays an increased interest rate on reserves (a slight discount from the federal funds rate). I wonder how this has played out in reality - do banks have more or less reserves than before this policy change?
Here is what I don't understand: How is this even possible? If SVB buys $100B worth of (10yr?) T-Bonds and MBS, this will immediately show up as an enormous interest rate risk position on their internal risk profile. The Bank's Risk Manager, CEO and Management Committee are supposed to look at these things every day and should have very specific guidelines on market risk exposure bounds. Regardless of what those guidelines were, presumably $100B worth of 10-yr unhedged fixed income instruments will be way out of those bounds. How was this missed? This is not some sophisticated high finance, this is basics. What on earth happened?
No, the $1M deposit is an asset and liability (which offset each other). SVB then invested those assets in bonds/securities/T-bills but then had to sell them at a 20% loss because they needed funds for liquidity—-so now they don’t have as many assets as they do liabilities and hence are taken over by FDIC.
Sure, as long as the bank makes a cryptocurrency to back up deposits
As I understand it, it was a matter of personal connection. Also, if most/all of your vendors and customers are there, payments settle faster (historically).
It's definitely an odd phrase.

"Beef stew" is the normal way to say it. Is "beef soup" a common expression somewhere for the same thing, or is it something different?

I don't know what your quote has to do with anything though. Beef stew is the perfect use for tough cuts, simmered for hours.
Unfortunately a few years before the recent issues a totally idiotic anti-nuclear popular vote happen. The campaign was driven by poor fear and just utter nonsense.
Basically it was so absurdly anti nuclear, even banning research.

Switzerland has some of the oldest nuclear plants but they still work great. We should have been building more for many decades now. Unfortunately our idiot politicians literally had the attitude that it was just so cheap and easy to import electricity from Germany and France.

I have been hoping for new nuclear builds in Switzerland for decades, but I was crushed when we voted on this and banned everything. Nuclear is perfect for Switzerland, during the day it can power the grid and at night we can use the hydro for storage.

I really hope some party tries to reverse this and advocates for building a new modern nuclear plant. Switzerland was once a leader in nuclear technology and we should be again.
I mean technically not getting any paycheck is violating minimum wage law...
From the point of view of an individual bank it doesn't matter if the money stays "in the system."

The only thing that matters to that bank is that they have enough reserves on hand to cover the amount being withdrawn on a given day. It doesn't matter where that money goes.

For any large bank, there is an amount of withdrawals that can take it out. And that amount is nowhere near 100% of deposits.
Everyone's evaluation of the risk will dramatically rise if the depositors are not bailed, increasing the probability that this happens at the next bank, and so on.
If we want to debate exactly how much influence the Frankfurt School had - that’s the kind of thing about which reasonable people can disagree-although I still think it had greater influence than you do. See https://www.tabletmag.com/sections/news/articles/just-becaus...

For me, the big issue is that labelling one side of the discussion as a “far right antisemitic conspiracy theory” is not conducive to having a nuanced historical debate about the topic, instead it is an attempt by one side to shut the discussion down. It is true that some voices in the debate verge on the conspiratorial, or are antisemitic - it is wrong to smear everyone on the same side as that though. Zubatov, who I link to above, is writing in a respectable (right-leaning) Jewish magazine, and I’m guessing is quite possibly Jewish himself - he might be wrong, but I don’t think it is fair to accuse him of promoting a “far right antisemitic conspiracy theory”

I do agree a lot of criticisms from the right turn historical left(-ish) thinkers into caricatures - to give a different example, Foucault. While many want to blame him for contemporary “wokeness”, I think if he were still alive today, he’d be far more critical of it than supportive-especially the censoriousness and corporate entanglements of so much of it. While he was unapologetic about his own same-sex sexual desires, at the same time he criticised “homosexuality” as a historically contingent cultural construct-which is a long way from how most of the contemporary LGBT movement views it. All that said, while many on the right are guilty of this, it wouldn’t be fair to say they all are.
i've often left jobs, so i've taken lots of unpaid sabbaticals -- pre-retirements.

i don't know how it's really possible to live a full life otherwise, unless you're insane, doing coke, or used to burning out over and over again.

my project https://nomeetingsfriday.com/ is a small step towards a 4-day work week, which in theory helps free up some time for people, but also helps to continue to shift us away from capitalism and markets and workism towards socialism and humans and relationships.
Do businesses not do any risk assessments to prevent things like this from happening? Especially a business that is providing a critical service to businesses.

Why are they using a regional bank to handle this?
Of banks or of auto manufacturers?
Except the bank interest still doesn't beat inflation, let alone the rate of M2 increase. Chase offers 0.1% on savings accounts right now, which would be pointless to me.

It's more difficult just to hold onto wealth than most people see. It'd be nice if everyone holding the currency weren't implicitly taxed through dilution, forcing them to passively invest, creating bubbles... and still being taxed on the so-called gains. These passive investments are more about stashing wealth in something with a limited supply (stocks etc) than about the actual business they're investing in, making them not all that different from the concept of a broadly-adopted cryptocurrency. Difference is they have to keep fleeing from one "save haven" to another as the money moves and the bubbles pop.
- It's also unclear how much of uninsured funds will be recouped (although most people believe the figure will be above 80%)

How much would you pay for a property that will instantly be worth 20% less than the day you purchased it?

In normal times I can see it, but we all know (or most of the smart folks, at least) that the economy is on the brink of falling over.

Note that before this news broke out, SVB shares were frozen. If this were simply a 20% loss?
https://www.prnewswire.com/news-releases/svb-hires-kim-olson... - Jan 2023

The previous CRO resigned in April 2022.
Well, to answer one part of the question, the chief risk manager quit early last year and wasn't replaced until just over a month ago
Yes but some need more than the insurance limit I suppose and again in two weeks etc...
The short answer is no one knows yet. However, I do think asserting "it looks like a clear case people made reckless actions" is premature. You're making pretty broad assumptions in the absence of sufficient evidence. Just because a bank fails doesn't necessarily mean any individual has committed a criminal act.

I posted the following in one of the main SVB threads in response to a question:

What will probably happen:

- Regulators will sell SVB to a bigger bank at a greatly reduced price which makes it worthwhile for the buyer.

- Depositors will be able to withdraw up to $250k cash starting Monday (the FDIC insured amount).

- Funds above that will eventually be recoverable in phases with the first chunk available by the end of next week (because SVB does have billions in cash, the issue is with the long-term value of their investments not meeting regulatory requirements.)

- If the system works properly, it's highly likely depositors will get 100% back. It may just take a little longer.

- There will be an investigation of the bank and its board's Risk Committee. Things aren't looking great for the CEO and the former Chief Risk Officer who unloaded some of their stock but that's more of an 'insider trading' beef against those individuals (ie unrelated to the bank's failure). So far, in terms of risk management, it doesn't appear SVB did anything out of bounds or even unprecedented.

Arguably, as conditions changed last year they chose a particular investment strategy which would normally have worked out but instead hit a pretty unlikely perfect storm of external factors including the Fed raising rates really fast. We don't have all the info on who knew what and when but my guess is: if there's "wrongdoing" here, it's probably more stuff like not taking the corrective steps they took this week sooner. They may have been hoping to "play through" the rough patch and it could have worked - but this time it didn't because there was a run by their unusually close-connected depositors in the tech startup community.

(Note: some folks are arguing that the Fed itself created a volatile situation for this bank (and others) by doing pretty unprecedented things which rapidly impacted the bond markets and other securities tied to Fed rates. I find this argument not entirely unreasonable. We won't know root causes until regulators unwind this.)
> for all large numbers

There's your answer. Not every Excel user is in accounts
> How would you encode meaning by reading a dictionary whose language you don't know?

No one claimed you can do this. EnergyAmy and I claim that you will encode meaning of a terms in a corpus after long term exposure to the corpus.
as opposed to being bailed OUT?
ABI compat: yet another price we pay for the legacy incremental compilation hack known as linking.
Is there any point to this comment other than snarkily signaling contempt for anything to do with Silicon Valley?

Do you have any thoughts about what nascent startups should have done with respect to banking when other banks wouldn’t help them?
> would they have a redundant courier?

Two or more banks. Process through both on a regular basis. Switch if something goes wrong.
Two is one and one is none. I am an individual person with no payroll to run and I bank in three US retail banks because they fail closed so often (most frequently from card use while traveling, but also for myriad other reasons).
That's a very USA-centric comment. To the best of my knowledge, the two countries doing most research on agrivoltaics are Japan and China.
Funnily enough, the root cause of the problem for SVP are ... mortgage backed securities !
So people are not receiving their promised money on time? Sounds like the title is accurate. Not everyone has the float to handle an unexpected delay in money. People can also suffer liquidity events.
Right now, the funds are still showing at least in our online portal. I will be visiting the branch tomorrow and hopefully can prevent the transfer from completing.

Not a fun email to receive either way.
Yeah, that struck me too. I followed one of the refs at random and it was to a 2020 paper about RNNs.
Well Bear Sterns never went bust, it was bailed out.

The issue in 2008 is rather that institutional investors (mostly money market funds) ceased to lend to banks, or only overnight. I am not saying that the banking system is as fragile as in 2008, it is clearly not. But it only takes a panic to cause another post-Lehman contagion across the financial system.
Google’s PaLM-E embeds vision with ChatGPT-style AI model for autonomous robots
This is the Wells Fargo that got in trouble for creating 2.1 million fake accounts for customers who never asked for them, got caught by the CFPB, paid $185 million in fines, and has been desperate for customers ever since? Yeah, actually, you did get lucky with them, they really do want your business.
The money hasn't gone anywhere. It will be returned, whether today or a month from now.
What a total clusterfuck from so many VCs.

There was a moment where they could have mustered up a bridge loan to SVB, probably at very favorable terms, saved their companies and acquired some decent assets while they're at it.

Instead they DDOSed their own bank, tanked a large portion of their portfolio, and now are asking for a bailout.

It seems like the VCs should shore up their companies until SVB is wound down or take the losses. It's not like they don't have the capital.
Could There Be Laws of Biology?
A quick survey of the thread seems to indicate the 7b parameter LLaMA model does about 20 tokens per second (~4 words per second) on a base model M1 Pro, by taking advantage of Apple Silicon’s Neural Engine.

Note that the latest model iPhones ship with a Neural Engine of similar performance to latest model M-series MacBooks (both iPhone 14 Pro and M1 MacBook Pro claim 15.8 teraflops on their respective neural engines; it might be the same exact component in each chip). All iPhone 14 models sport 6GB integrated RAM; the MacBook starts at 8GB. All of the specs indicate an iPhone 14 Pro could achieve similar throughput to an M1 MacBook Pro.

Some people have already had success porting Whisper to the Neural Engine, and as of 14 hours ago GGerganov (the guy who made this port of LLaMA to the Neural Engine and who made the port of Whisper to C++) posted a GitHub comment indicating he will be working on that in the next few weeks.

So. With Whisper and LLaMA on the Neural Engine both showing better than real-time performance, and Apple’s own pre-existing Siri Neural TTS, it looks like we have all the pieces needed to make a ChatGPT-level assistant operate entirely through voice and run entirely on your phone. This is absolutely extraordinary stuff!
Maturities were greater than > 1 year. It's been broken down pretty nicely on twitter by some of the larger VC partners.
Apparently the MBS can be valued at their maturity price for the purposes of reserve requirements.
In case that's not sarcasm, I'm in the lumber business. Lumber prices have collapsed in the last six months with massive losses and curtailments throughout the industry. I assure you there is no less greed today than there was a year ago when the market was at the top -- and no more greed then than now. We always at all times charge precisely as much as the market will bear. We do that by always selling to the highest bidder, and I have no idea how else we'd do it.
Seems like a reading comprehension issue. Difficult as it may be, try to re-read in good faith with your programmer hat on.

To me the key part of the article is this bit:

> he seemed to suggest that the changes would be walked back, at least in part. “Please stay tuned while we make adjustments to the uh .… “algorithm,” he tweeted.

> Absurd as Musk’s antics are, they do highlight a tension familiar to almost anyone who has ever used a social network: why are some posts more popular than others? Why am I seeing this thing, and not that one?

I actually saw this unfold in real time as he was tweeting about all of this in the open as it was happening (not just the milk meme) -- a lot of people tweeted at him that the algorithm was b0rked and he was replying and saying they were tinkering until they arrived at a place where, according to the very article, 90 percent of his and other peoples followers actually started seeing tweets from people they followed. This simply makes sense, no?

I don't see a smoking gun where he over prioritized his own tweets maliciously. They even deboosted his magic number as part of the cowboy debugging session.

Recall the original claim I was replying to is:

> It is a megaphone to amplify his own voice and the voices that support his viewpoints.

I just don't buy this narrative, forgive my skepticism. You can go look at his reply timeline and see for yourself and draw your own conclusions no need for the verge editorializing.

I understand some people view him as a malicious actor but going out of your way to ascribe the least charitable interpretation to everything is just not convincing to people who aren't invested in the politics. You're even directing this attitude towards me for not automatically agreeing with this viewpoint.
There’s more than one way to skin a cat. People not using a debugger are not mindlessly adding prints, sort of a poor man’s debugger. Those people are figuring out the problem from a different perspective. In your case, one may trying to come up with a theory as to what could cause a deadlock and think of ways to cause it to always happen consistently. Before running anything, they would be trying to understand what could possibly go wrong. Then they test the theory. You can perhaps see that, if someone is always doing that, they can get quite good at it. They would also develop quite a good intuition on what to expect from the code base over time. Whereas, someone who just goes straight to a debugger may not develop such an intimate relationship with the code base.

It depends on individual’s strengths and weakness as well. Neither way is going to be better for everyone. Each person has to find out what works for them.
Where is the data? If this is true, then this is something companies will have to learn to deal with, and compensate differently for. If I enjoy working from home better, but am 10% less productive, please pay me 10% less. It's still not worth for me to show up to an office.
And here I was thinking that US democracy is broken because of filibustering and the insane amount of legalised bribery ("lobbying") that means that the wealthy and corporations have all the say and hundreds of millions of ordinary citizens have effectively no voice.

I am so so naive.
> was a moment where they could have mustered up a bridge loan to SVB, probably at very favorable terms, saved their companies and acquired some decent assets while they're at it

One, they couldn’t. It’soutside their mandates; they’d have to raise new funds from LPs. Two, why? Just have your start-ups pull their capital and bank with the countless other banks providing the same services as SVB.
What problems are you referring to w.r.t quality control, that are relevant in 2023? Also, I wouldn't have thought tesla would survive this far, but the year over year production increase has been insane.
Agreed there is a balance. I wrote a little about when and how to ask questions as a junior engineer - https://twitter.com/ryanlpeterman/status/1628803643171557376
Well they are not being bailed out, they are being liquidated. A bail-in is the power given to regulators to write down debt holders to auto-recapitalise the bank so it can re-open healthy the following Monday. A sort of instanteneous, extra-judicial chapter 11.