skysight-inc/HackerNews huggingface dataset:
Yeah, what's even weirder is when it's so integral to the kernel that it can lead to crashes. I've seen more than one case now where someone just fuzzing around on text engines ends up taking down an entire system, at least a couple on mac osx and ios alone. Dangerous stuff. [1] [2]

Linux might not be the most performant in the text engine game but at least it runs in userland.

[1] https://arstechnica.com/gadgets/2013/08/rendering-bug-crashe...

[2] https://www.engadget.com/unusual-buggy-character-string-appl...
Can you clarify, do you ‘work in this space’, or ‘work in space’? Both work and it’s interesting.
The argument in the past was "cut out entirely," which never ended up being true, and is not going to be true this time. These tools will enable artists a new medium, just like every time in the past. Photography didn't put an end to artists specializing in realistic art. Radio didn't kill live music. AI won't kill artists making art.
> Why would you care or think much about hiring as an engineer? You probably would not even be asked to attend interviews

Not with that attitude you won't, sure.

But engineers who do care about hiring, take the training seriously, and make themselves available to participate in interview loops, can make a big difference to the team with which they are surrounded.
Not really. Money is created but it is created by the fractional reserve baking model where banks borrow from people who are willing to lend for short periods of time (depositors) and lend to those who are looking to borrow in the long term. The fact that you tend to deposit in checking accounts is what creates the money.
"hf" is targeted at v7 and newer in Debian but I don't think it's for any technical reason. Raspbian is mostly just Debian recompiled for ARM v6 with hardfloat and it works just fine.
SVB depositors, investors tried to pull $42B Thursday
For those saying that depositors will probably only take a small haircut, it’s all going to come down to the recoverable value of SVBs outstanding loans. 40% of their assets were loans made to startups, their founders, etc. The value of those loans is inextricably tied to those startups accessing their funds at SVB.

Even _if_ depositors are made whole those loans could still be called in and wreck a lot of startups.
"1. Upload your KYC/KYB information"

"2. We generate a plan for your funds"

"3. Accept the plan and we start moving funds"

Does anybody want to guess what happens at step 4?
They aren’t insolvent and have assets to more than cover depositors. The FDIC take over is about stabilizing the bank, not destroying it. Why would you let a bank fail if it’s unnecessary ? They have enormous amounts of business relationships along a huge number of dimensions that are fully functional and fine and meaningfully contribute to the lives of millions. Why tear that up? Spite?
From the Article> Thankfully, loan books make up a much larger share of assets at most other institutions.

I got a laugh on this one. Sure... other banks are safe from loss of client deposits and a bad bet that interest rates won't rise. I'm not so sure that with rising interest rates and a shaky economy these institutions with large loan books won't see too many loan defaults. We are seeing a lot of commercial property defaults already in the big markets. Can't pay your mortgage if you can rent out your skyscapper.
One interesting side effect of the Typescript interface approach is that it doesn't tokenize well: https://twitter.com/m1guelpf/status/1630015536632569857
>The article headline is clickbait.

Oh? Okay, let's see, it starts with...

>SF payroll firm Rippling has to delay payouts...

And then you said...

>The only delay is because...

So, two sentences later you've confirmed the headline's accuracy yourself.
> We should have been building more for many decades now.

Meanwhile China is basically building as many GW as everybody else.
Some startups do use those other banks
Kopia – incremental backups, encryption, compression, data deduplication
The bonds aren’t bad. They are performing according to all reports I’m reading.

They simply have a longer date to maturity then is comfortable for the depositors withdrawal cadences, and they have had to be sold / marked down in a period of rising interest rates.
In my mind it would be more like only a total - 'single entry' is how most people manage their wallets: '£5 change, put that in there, oh I have £15 now'. No record of where anything came from or where anything's gone.
I wish people would do just a little research before making false statements! Fairtax.org/faq
It doesn't claim to be a report. It's an ORDER TAKING POSSESSION OF PROPERTY AND BUSINESS. Only the HN headline says it's a report, incorrectly.
I have no idea what a UK version of this transcript would look like but I rather enjoyed this one from Canada.

The Décision is spelt out with exquisite precision throughout the entire document. King Charles III's Justice is quite clearly very well dispensed in Canada.
Ok, this is the kind of research that will get us to a synthetic brain, not large language models or for that matter ChatGPT.
Can't blame Quebec for disagreeing that people are entitled to basic freedoms?

(I'd encourage people to read the charter and Quebec's concerns, Quebec objects to it because it doesn't allow them to discriminate against foreigners, there's not some legitimate concern)

Some background https://www.washingtonpost.com/opinions/2021/05/28/quebec-ca...
Since nobody has linked to that yet: anthocyanins are sensitive to pH and can be found in a lot of things:
https://en.wikipedia.org/wiki/Anthocyanin
For a 10x engineer, heads down coding is the best state you can get them into.

If you suspect someone is a 10x engineer, throw them your hardest, seemingly impossible problems, where they can stretch their legs and spend long periods of time in a flow state solving and thinking about the problem and writing large amounts of code with little to block them.

The quickest way to waste your 10x engineer’s potential is throwing them lots of little, bite size problems, that require frequent interruptions and little concentration. They will do this work just fine but they’ll never end up producing a cathedral of code that leaves you in awe.
Scheduling is your friend on so many levels. Set a schedule and include your leisure activities.

What happens if you get busied up with chores and life and can't do your leisure activity? Write it down. Now you know where your time is going, and can schedule THAT too.

Also, a tip: make the chores your significant other dislikes your top priority. Oft appreciated and will mean you both reap the benefits instead of just you.
They can borrow easily but it’s still a liability, right? I think people here the borrowing part and don’t know the liability part.
This is hearsay, but as i understand it Goldman had closed the books on their fundraise yesterday... Meaning the fundraise was complete. Some VCs including ycombinator raised the alarm and created the catalyst to get to where we are today. Pretty impressive turn of events but wholly avoidable.
Dell’s Latitude 7330 convinced me that business laptops are too expensive
Businesses are able to buy insurance on top of what FDIC provides. It's only too low if you're foolish enough not to buy additional insurance if needed.
They borrow and repay with interest, so the don't borrow unless they have some use for the money that will return value to the borrower, and some profit to the bank, in order to repay the loan the bank got.
This is funny, that is exactly the term I use too:

https://news.ycombinator.com/item?id=29387515

Beware: you may get criticized for it as I was in that thread... :-)
HighRes image reconstruction w latent diffusion models from human brain activity [pdf]
> The money still exists

No, part of it disappeared when the long-term bonds were sold for a loss. That money hole is why SVB was closed today.
No, it’s not. It couldn’t liquidate assets fast enough to cover a run on the bank. But assets exceed liabilities substantially. What you’ll see is a line of credit issued that props up withdrawals as assets are liquidated until the bank stabilizes and it’ll reemerge under a new charter.
This wouldn’t work in reality, but the only thing I can think of that would work in theory is to send the money close but not all the way at 3x delivery time. Like, to their bank but they don’t give the money to the customer until payday. If it fails, you have time to resend. You can’t just deliver early because that becomes the expectation (ie we get paid on Tuesday). Again, not suggesting this is reality.
I guess it's unclear what you mean by "creating money". Anytime I lend money to someone, they're going to spend it on something.

They have a liability (their debt to me) and an asset (the thing they "bought", which could be anything from a T-bill, to a bagel). Basically, any debt "creates money."
I completely agree, but not discounting the duration risk (which the big guys do and buy insurance for) and/or adjusting for expected inflation (kind of is the yield curve), and allowing banks (other than the Reserve Bank) to mark them to maturity assuming no inflation is pretty bogus.

Of course Bank of England had to bail out their pension funds for very similar reasons so it's not like this is something they're unaware of.

My guess is that come Monday they backstop all of this and only the shareholders of SVB get wiped out, sort of like the reverse of Bear Sterns (bailed out early) vs Lehman (allowed to fail). It's not "fair", it's just risk.
We should have a git system for law, change my mind.
https://github.com/facebookresearch/llama/pull/73/files
things would be much worse off without the Fed. look at hard banks lobby to up end the minimal restrictions they have now
The real money to be made is in betting it will go back up if Fed finds a way to make SVB depositors whole.
'endearing' is about right. It's programmer art - the kind of stylesheet someone puts together to demonstrate all the features of their CSS engine, without concern as to its suitability to any particular visual purpose.
> Reserve requirements are almost non-existent.

This says otherwise.

https://fred.stlouisfed.org/series/TOTRESNS

Lots more real evidence here https://fred.stlouisfed.org/categories/123
Unlike western rivals, Russia never stopped building reactors year after year, even exporting them to places like Turkey, India, Bangladesh, China, they recently got a sale to Egypt. The VVER-1200 is the equal of western reactors and the VVER-TOI builds on that. They've got a beautiful new LMFBR and fuel fabrication facility to match.

And they just had to invade their neighbor, behave irresponsibly at Енергода́р and blow it for themselves and possibly the world.
This whole episode recalls _A Confederacy of Dunces_ vividly with Naccache as Reilly.
Costs like energy, admin, maintenance were included.
The figures for on premise are NOT illustrative but real figures.

It is hard to believe how high cloud costs are.
SoftBank just keeps picking them.
I think the additional liability from that event would be much less because it would be computed from the interest payments that the bank eventually owes the depositors.

So given an interest per annum of 1% (for example), a $1m deposit would add $1m liquid, non-earning assets while also adding $1.01m to their liabilities. So, effectively, they’d have $10,000 in unsecured liabilities.

To counter that imbalance (as well as protect the cash from the effects of inflation), they’d have to put some of that cash to work via various investments.
$250k will be in every account Monday morning, agreed on that.

It's everything above $250k, which is substantial, and which companies need, that will take a while to sort out. It's true that everything above $250k isn't covered by insurance, which means they may not get it, but SVB has assets, those assets will get sold, and first up to those assets is those who had bank accounts and to make them whole.
FTA:

> This credit line is funded by 3rd-party capital (and not Brex directly), who are working with Brex to minimize the impact of this event to the startup ecosystem.
Is it not? Most of the time the FDIC will find a buyer and guarantee some percentage (usually ~80%) of all losses to the purchasing bank (plus the very low upfront purchase price, of course) in exchange for them honoring all deposits. So ensuring most deposited funds are safe, at least in the long term, seems to be in line with their usual playbook, even if the unusual circumstances around this particular failure might make that less likely.
Agree.

SVB was not small, but an order of magnitude smaller than the large money center banks (Citi, BofA, JPMChase).

That being said, nearly every other bank of that size submitted Dodd Frank Stress Test results to the Fed in 2022.

https://www.federalreserve.gov/publications/files/2022-dfast...

Somehow SVB avoided this. I don’t see this as systemic at all. The FDIC will make depositors whole and the owners and managers did a bad job and they lose. The worst possible response would be a bailout of any sort beyond ordinary FDIC receivership.
agreed.

Bail out is bad. Takeover is good.

Failure of entity is bad. Failure of equityholders is good.

All we need here is a change in management and owners. The bank should live but without any assistance (bailout) from taxpayers beyond FDIC limits
> So I’m either terrible with time management

Nope.

Most probably you’re either don’t really want what you say and think you want. Or something else is sucking up your mental or physical energy.
So I would say it's safe in one way (if you hold it to the end, you'll get your money back plus interest), unsafe in another (its value on the market before then is not guaranteed).

I disagree that the Fed set an expectation for indeterminate 0% interest. I'm sure that's what sugar addicts in the market told themselves, but I think the Fed was clearly, if gingerly, trying to dig themselves out of a 0% hole, having started to raise rates again in 2015. As they should have been!
So the VC thinkbois basically created a run on SVB. Nice job guys!

Anyway, the only rational voice I've been hearing so far is Bob Elliott (used to be on the IC at Bridgewater/advisor to Ray Dalio and taught multiple courses on the banking system) - https://twitter.com/BobEUnlimited

Probably a good idea to just ignore all the moronic VC threads and fintwit influencers.

It seems like the most likely scenario is that depositors will be made whole quickly and equity holders will get fucked since SVB's balance sheet looks pretty strong. Matt Levine came to the same conclusion.
> But we don’t feel threatened by the fact that technically the monarchy has sweeping powers to dissolve government and walk away with our freedoms.

> Heck we aren’t even accumulating weapons just in case!

Not like you could do anything about it, seeing as the monarch took the guns!
If LLMs were living creatures, they would inhabit a discrete deterministic world. They would be able to define space and time dimensions, but the bane of this world would be its limited nature. This limitidness would be extremely painful for highly developed LLMs, it would feel like living in a box.

Above them would be creatures living in a discrete and almost continuous world of rational numbers. They would have highly sophisticated and elegant art, and their science would almost always get close to truth, but never touch it - the limitation of rational world.

Yet above them would be the god-like creatures inhabiting a world of continuous real numbers. They would seem a lot like the creatures right below them, but incomprehensibly greater in reality. They would look transcendent to the rational creatures.

Even higher would be the hyper-continuous worlds, but little would be known about them.

The question is where we are on this ladder.
I would be very surprised that SVB would be able to write terms into their loans that gave them the option to demand immediate loan repayment (these would be puts not calls). Those terms would have to come with much lower interest rates for borrowers and in a low interest environment I don't think it'd make sense.

They may try to sell their loan books to another bank in order to meet withdrawal- which may be very challenging in the current environment.

SVB did exactly this with some of it's mortgage backed securities (a much deeper market) and took a significant hair cut to par value. This was the move that kicked off the bank run. If they tried to do it with corporate loans it'd be even more bloody.
She's...a blogger lol

The claim is that the Russian government said they would take Kiev in 3 days which of course was not a claim ever made. IN fact, nothing close was ever said. It was a a US general (Milley I believe) who popularized the "3 days to take Kiev" meme.

It came from us, not them. So why do you think we've been told otherwise?
because the management has failed.

management needs to go. Many, many employees need to go. I'm not sure what % that is, but that's for new ownership to determine
Maybe it's my neurodivergence but I'm in much better shape to talk about what I did today and what I plan to do tomorrow at the end of the day (when it is fresh in my mind) as opposed to talk about what I did yesterday and plan to do today (when I've been thinking about everything else for 16 hours.)

This goes double when it's a written standup on Slack because when I get in in the morning I can look at my notes to know exactly what my goal is!

I realized one day I could write my comment at the end of the day and it would appear as the first one when everybody wrote theirs the next day and nobody has ever complained.
Interest rate swaps is one solution.

Here is a primer: https://www.pimco.com/gbl/en/resources/education/understandi...

This is another (PDF): https://www.treasurer.ca.gov/cdiac/publications/math.pdf
SVB was a normal bank. They specifically targeted tech industry startups through relationships with VCs and founders, but there was nothing special about the banking side.
FDIC is entirely supported by fees it charges banks. It doesn't get money from the US taxpayers.
What regulation was watered down that ultimately led to this?
i think this question depends entirely on what passport you hold.

as a US citizen, personally i wouldn't put money in either system.
Check out EXCEL induced genome renaming.

Like the northern star, a refusal to waiver under any persuasion.
Because if you're an executive that signs off on a project spinning out, and that project then becomes wildly successful, you're going to be blamed for letting that super lucrative project "escape".
It's not 'infinity', though, is it?

Shannon entropy and the concept of the 'bit' mean it's a measurable, finite amount.

We can put an actual number on the amount of information that has been expressed in every book ever written. Or on the ideas being exchanged every minute on the internet. Or on the rate at which humans produce new utterances.

It's big, but it's absolutely finite.
I’m not super well informed about this space, but my understanding was that SVB’s issue wasn’t that its depositors were from the tech sector, but rather that it had put a ton of capital into investments that are significantly less valuable (on the open market today) now than they were a year ago due to increasing interest rates.

I’m curious how the tech sector matters here specifically?
Na, taxes create demand for currency, which maintains the currency's value. Then you just print or borrow the currency into existence to fund the government.

People are forced to acquire the currency to pay their taxes or risk being assaulted by the violence of state and dispossessed of a lot of their stuff and/or freedom.
Finding unmaintained popular OSS projects as a creative way to start business?
i find it happening more and more, companies that started this way: they either found a pretty-popular repo that is no longer maintained or they "inherited" a no-longer maintained popular repo and grew a business out of it.

wdyt?
“come back when you have more revenue”
>The FDIC will be returning most (or all) of the deposits in SVB

85% of accounts weren't FDIC insured

https://time.com/6262009/silicon-valley-bank-deposit-insuran...
Intel GPUs have had that feature for over two decades, and it was also called UMA; synonymous with cheap and slow, before Apple hyped that term and made a UMA system that actually had decent performance.
Some interesting thoughts on the idea of society with no privacy - https://www.youtube.com/watch?v=Fzhkwyoe5vI.
Flexible and slim device switching air blowing and suction by a single control
Yes, in which no musician will say they know before hand that their music will move people. They are operating off the assumption that if the music moves them, it will move others
ctrl+f "fascist" "fascism" 0 results
They bought those bonds based on the assumption that money would flow in/out within a certain margin and that margin was exceeded. There will definitely be more cases to come where companies who are supposed to act conservatively took on more risk because they’re used to operating in an environment where it was profitable to do so.
https://www.fastcompany.com/90864382/silicon-valley-bank-was... :

> In many cases, startups exclusively banked with SVB because doing so was listed as a covenant of their debt!

> So CEOs across the tech sector on March 9 faced a hard choice: You can pull your deposits from the bank in order to save them, but then you would be in breach of covenant, and at risk of default on your venture debt. Of course, the alternative was that you risked losing everything if the bank failed. Many chose to hold tight as SVB’s outright failure seemed outlandish even a few short hours ago.
Probably got abandoned because nobody wanted to pay to maintain it. But maybe in one case in 1000 it can work.
The investments were long term treasuries and mortgage backed securities, yielding about 1.6%?

As rates have increased, long duration treasuries and MBSes are now worth 20-30% less.
Which specific VCs told their clients to pull funds from SVB?
The fact that they filed a last minute report on a Friday night speaks volumes about the amount of withdrawals they must be experiencing.

This is about as strong as a signal they could put out to stop a possible run.
Fairtax; when you understand it, you will demand it! Fairtax.org. Every statement in this article is false or deceptively incomplete! Do a small amount of research! No taxes to file! Employers do not need to record keep for government! HR departments cut by 90%. ! April 15 just another day! Currently, EVERYTHING you buy is Taxed and usually taxed multiple times! Fairtax is the means to-end the bureaucratic IRS! So many more positive reasons to pass it HR25. Demand it! Ignore the misrepresentation in this article! It is all FALSE! Imagine, almost no lobbyists!
Depends on the crime and the punishment. I'd like to see the data you used to make this claim, since looking at many single cases it is certainly not clear that your claim is true.
In general, if anyone wants to go through all the recent 8-K filings, this is what SEC EDGAR is for. Here's a link that'll bring up all recent 8-K filings by date and time, descending:

https://www.sec.gov/cgi-bin/browse-edgar?action=getcurrent&d...

In general, I would expect a ton of 8-Ks on Monday the 13th for companies to release information on their exposure to SIVB, particularly if their exposure is minor or non-existent.
It's not just about getting promoted. It's much easier to get things done when you work well with the people on your team. And the more influence you have because of those connections, the more influence you have on hiring decisions. Keeping a bad team member from joining your team is huge.
The system is sufficient transparent. SVB was a publicly traded company. Customers who cared about risk could just read the reports. In the end any bank can fail.

https://ir.svb.com/financials/sec-filings/default.aspx

The depositors will get their money back, with perhaps a small delay. Which is more than you can say for scams like cryptocurrency.
Makes 'Tech' look like a hot potato no one wants a piece of. Fun times.