skysight-inc/HackerNews huggingface dataset:
Their liabilities were less than $180B and it's not like their assets are going to zero. Seems like there are more than a few firms who could just buy it themselves, and then they have a whole commercial and investment bank of their own that can be competitive. Just say hey, we have liquidity to cover your payroll and deposits, we're the new owners, and you get a startup banking concern without the legacy costs of an ibank that started 100y ago.

Why doesn't YC pick it up? Even just as a testbed for enterprise technologies for banking, a bank managed by that culture will pay itself off in growth.
They could probably brag about being FDIC insured, maybe make the font bold to restore their branding image.
Is this because everyone is buying it to get out USDC?
Juat to confirm, I can see your comment and reply to it, so it doesn't look like you're shadow banned.
Won? Lost? Are you 12 years old?

A bank run is a self fulfilling prophecy driven by irrational fear. It is, by definition, irrational. It also doesn’t happen much any more because most banks aren’t susceptible to them (ie. have 90%+ deposits uninsured).
Socialism for the wealthy. Rugged capitalism for the rest.
Obviously there’s a profitable side hustle here.

Train yourself an LLM on resumes that land interviews and offers, and sell access to it…

:-)
>If you take a big chunk of credit creation and issuance out of service, the economy is likely to regress fairly significantly.

Similarly, ceasing steroid use will reduce muscle mass.
If the CCP favors zoonotic origin theory more than the lab leak theory, they will release the data that supports the former. I’m not sure how much anyone can trust the data.
Nvidia had tensor cores before the tpu existed
They didn’t buy MBSs. They bought 10 year treasuries.
I was in the same spot and similar timeline. I just found something that will be compatible with my burnout and terrible employment record.

For the most part during that time, pushing forward didn’t seem worth the energy at all. I’m glad I did though — I’m at least rather curious now, about how the next year will go for me.
* https://thepointmag.com/

* https://asteriskmag.com/ - they just published the second issue. I really enjoy the topics covered and the quality of writing.
There is a drop in performance after quantization, so initial benchmarks aren't relevant. Here are some benchmarks for quantized https://github.com/qwopqwop200/GPTQ-for-LLaMa
Pins and sharp edges will cause cuts and bleeds. That was my experience on the Raspberry Pi. Buying the parts and not missing out on one needed and then to have to wait the delay and delivery again was the barrier to fuss over. The 8Gb model had a very long pre-order wait time.
There are so many threads on the SVB implosion. HN needs a Megathread feature for this.
Yeah, it’s too bad the story was so terrible. It’s a shame when there is a mismatch with the effort that went into the tech vs the writing.
> But the topic of discussion is not that, but making a model sufficiently accurate that you "turn the crank" and it yields similar behavior without any priors of what that behavior should be.

Change the expression levels of some genes, alter an amino acid here or there, change the input parameters (e.g. make a phenotype that lacks the ability to feel pain), and you can end up with a neuron network that responds subtly, or grossly, differently than another. Put memory into the picture and responses can be learned. Fruit fly behavior permanently changes in response to serious injury, similar to the manner in which humans experience chronic pain. Sure, now this is something that can be modeled, but before the experiment it wouldn't have been modeled.

https://www.sciencedaily.com/releases/2019/07/190712120244.h...

> After the injury healed, they found the fly's other legs had become hypersensitive. "After the animal is hurt once badly, they are hypersensitive and try to protect themselves for the rest of their lives," said Associate Professor Neely. "That's kind of cool and intuitive."

> "The fly is receiving 'pain' messages from its body that then go through sensory neurons to the ventral nerve cord, the fly's version of our spinal cord. In this nerve cord are inhibitory neurons that act like a 'gate' to allow or block pain perception based on the context," Associate Professor Neely said. "After the injury, the injured nerve dumps all its cargo in the nerve cord and kills all the brakes, forever. Then the rest of the animal doesn't have brakes on its 'pain'. The 'pain' threshold changes and now they are hypervigilant."
This clearly seems to read as a problem with the "product manager", not the technology.
Sure, but they could have sold off a lot of their long term assets earlier instead. To me, the problem was not an outright lack of hedges, rather it was continuing to take too much risk all of the way down. Hedges only make sense to me if they were a cheaper way to achieve the same thing as selling the assets.
And by Friday night were offering those same people bridge loans via Brex…
Because "they did nothing wrong" is his way of saying they are entitled to a taxpayer bailout
Importantly, the self-hostability factor ensures an alternative is available to those who dare. This protects end-users against price gouging and lock-in, and contributes to healthy competition -- this serves as a positive motivational force for service providers like ClosedAI et. al. to keep improving and adding novel functionality.
People who are anti-Cramer are as worse as people who follow Jim Cramer.

Real successful investors pick useful nuggets, ignore or don't care about Jim Cramer.
They did use mostly T-bills, and spread out the cash over 6 banks - that's why it's "only" $3.3bn out of $42bn.
The whole subscription box industry consists of undifferentiated companies with zero moat. Look at any category: beauty products, men's grooming products, wine, watches, etc. and you'll see a bunch of companies that all look the same selling the same stuff.

On top of that, the first thing people cut when they have money problems are luxury subscriptions they don't really need.

I don't know why anyone would invest in any of these companies.
There is no such thing as davinci-003 per se. There is text-davinci-003 which you can't fine tune, and davinci which you can.
As I understand it, there are companies that basically do this as a service.
oh also decentralized file transfer.

The trick is you don't need to make it go away you just need to prevent wide-enough-use-to-cause-destabilization-of-the-thing-you-like.

The thing with viruses is that usually they are helpful inasmuch as they prevent clones with correlated weaknesses from taking over the biosphere (that's why they exist imo), but since the clones is US now, viruses is bad, and advancing their evolution on purpose is like simulating a world where our population is x times larger in order to get what a little more information about how viruses is bad for us?

idk seems like simple stuff.. govt should not be paying money for things that are bad for humans. voters are all humans after all.

That's why any hint of scientists suppressing or discounting evidence for a covid lab leak is absolutely devastating for science in the long wrong btw.. imagine the worst case scenario: scientists scrambling to hide the fact that they accidentally leaked a horrible virus into the world; hiding it so that they can continue creating pandemic-worthy viruses for a few paltry research dollars. essentially putting a 2nd mortgage on the house to buy baseball cards and then losing all the paperwork till the bank shows up.
Absolutely. We have a mix of tools from the last 15 years, some perl, some php, some python. All trivial to work with.

Some things need fancy react GUIs. Others need to surface business data to a small number of people in a simple and cost-effective way.
Yes, however, it can generate a training dataset to fine tune a smaller model really cheaply, which can then scale.
Great way to trigger more bank runs. I don’t think this will help.
Loans create deposits. Always have always will.

Deposits don’t move banks. What happens is the ownership tag changes.

So when you “move” your money to an account at the central bank, the central bank necessarily takes over your old deposit in the bank you’re moving from. That becomes an asset of the central bank and they create a new deposit for you against that.

That’s how all bank transfers work at root.
A cheaper alternative is fine-tuning more specialized open-source model and hosting it on your own hardware.
No, it's the number of retries for the PIN, reset PIN and admin PIN.
Here’s a question for those more knowledgeable: if bank runs continued through June and Congress can’t agree on the debt ceiling (which they won’t), thus causing a government default, does FDIC cease to function?
Hey if you don't want the return on your deposits spent on fraudulently represented "insurance" which of course is paid to the same people (government) demanding FDIC/NCUA insurance before chartering a retail bank, simply keep your money under a mattress. You see you don't have to pay the tax, it's an insurance because it's an optional thing and instead you can choose to have the money stolen by cops by the side of the road in "civil asset forfeiture."

Of course if anybody else took your money representing it as bailing out everyone under 250k, but actually was fraudulently representing it and you found out you were forced to pay "insurance" to bail out accounts over 250k, well then we'd just call it insurance fraud.
I quite liked the story. Maybe a little long. Most people I know liked it too.
They did have ~77% of collateral in T-bills. I do wonder why that wasn't even higher though.
Amazing. Let's expectante before it trades 0.9
In order to do this broken slippage trade that happened with Kyberswap, Most other defi dex will 1) require turning on advanced mode 2) display a warning with confirmation box, or in some cases disallow slippage this high and 3) display a warning confirmation box if the trade moves the price more than 5%.

It is still early days in a lot of ways, but what disgusts me as a web3 developer is seeing tons of underfunded dapps get this right while vc monstrosities like Kyber don’t do the basics.
I’d argue they’re better (in some ways), given that they’re “dead” material as opposed to functional tissue. Human knees don’t last nearly as long when the tissue is dead.
>Todays interest rate is irrelevant with regards to future cash flows for the bond.

Correct.

>Bonds are fixed income, your coupons are set and you get paid what you get paid. The coupons are fixed and when the bond matures, you are paid face value.

Correct.

>The only difference that is due to todays interest rates is that your low interest bonds have to fall in value

Incorrect. They fall in price compared to the purchase price, not in value. The value was low even if they had held to maturity.

If you were forced to sell a bond before maturity, and you decided to repurchase that same bond, you could regain all of those future cash flows that were supposedly worth more according to the prior book value. Now if you repurchased that same bond, what price would you be willing to pay for it? That's right, you would be willing to pay no more than the current market price, because that is what it's actually worth, given those future cash flows that you so value so much.

Why would you only want to pay market price? Because those future cash flows aren't very much compared with the yield of other bonds. You're not going to pay the same price for a 2% yield and a 5% yield, because one is clearly better. The 2% yield has less value; it had less value before you sold it, it would've had less value had you held it to maturity. The bond's value is worth roughly the market price, whether you sell it or not. Its current value has exactly nothing to do with what you paid for it.
We are profitable but in hiring freeze as we wait to see what happens. We were going to IPO last year but decided to delay because the market sucks. Interest rates need to stabilize and the IPO market needs to thaw before sentiment changes.

People don’t get it because money was so cheap for so long, but the key word here is venture - this is extremely risky stuff. Adventurous. Uncertainty and low success rate is supposed to be standard.
> It has no baggage, it's built from the ground up to be a modern 21st century human. We're not, we train decades to become ones.

The whole point of machine learning is to do all that "decades" of training in a few hours.

In terms of learning material, it takes LLM a few orders of magnitude more material to learn than it does a human. After all, a human child trained with very few books (by age 7 a child would have seen only a few books) still outperforms CHatGPT trained with the same material, because ChatGPT trained on 4 books is basically useless.
I remember these folk https://en.m.wikipedia.org/wiki/Fucked_Company from the 2001 situation ("round 1")
Another result of low interest rate. SVB thought he was smart to buy longer term bonds, so he would get higher interest + inflation and interest rates thought differently.
> I don’t know how bank stress tests work, but...

SVB would have passed stress tests because they did what all banks were supposed to do. They invested in "safe" long term treasuries. The only economic environment hypothetical they would fail is, "what happens if there is a bank run and you are forced to realize losses". But what bank can survive a bank run? The Dodd-Frank stress tests don't try to ensure banks can survive bank runs, do they?

When banks invest in the long run, your assets can depreciate in value temporarily to get through short term business cycles. By investing long, a bank's balance sheet will be the average of both assets that aged poorly and assets that aged well. The average should reflect the long term growth of the economy.

The treasuries purchased in the last 2 years depreciated a lot in value and most of SVB's growth happened in the last two years, so there current balances are skewed heavily towards assets purchased right before the interest rate hikes began. If SVB were able to continue operating for say another 10 years, they would be fine even if interest rates never returned to near 0 levels. Additional treasuries would be purchased and the fraction of the balance sheet that consisted of 2020-2022 treasuries would shrink. The rest of the portfolio would probably increase in value. Treasuries purchased today are cheap and have a large upside as rates start coming down, even if rates don't fall all the way to 0. The gains from cheap treasuries purchased towards the end of 2022 and after have potential to dramatically grow in value.

There really isn't any evidence that SVB behaved irresponsibly nor that stricter regulation under Dodd-Frank would have made a difference. If SVB had been inclined to invest in riskier types of investments, Dodd-Frank would have pressured SVB to buy treasuries.
Quantisation is a once off process. I suspect most people who don't have access to a machine with enough RAM and don't want to use the pre-quantized version can afford the $20 to hire a big cloud server for an day.

Or it is probably possible to make it work slowly using a swapfile on Linux.
SVB is not getting a bailout. It is dead. Its share price is $0 and all shareholders are walking away with nothing.

The government's decision on whether to bail out its depositors or not isn't going to be (and shouldn't be) based on how well the bank was run, especially given that it was fully compliant with all regulations.
Unfortunately the article does note one important (depressingly predictable) part-
>A majority of the water tools developed by the team sit within Wētā’s proprietary simulation framework, Loki.

...Makes a lot of the advancements moot when they're going to remain buried in a place completely inaccessible to anyone without a hundred million laying around.
Why not use YC’s bully pulpit to push for the creation of a federal deposit bank for businesses and consumers? Both the profit and risk could be socialized. It would likely offer lower interest rates on deposits than private competitors, in exchange for FDIC guarantee on unlimited deposits.
> Well. That wasn't happening. So the bank started making riskier and riskier loans rather than reduce the number of incoming deposits.

You have a source on that? Pretty sure this is incorrect. They weren't making risky loans. They bought 10 year treasury bills (a secure investment normally) that were then substantially devalued by the fed versus new treasury bills.
Please calm down with the FUD. We both agree its dead. This doesn't mean its assets vanished. It will be liquidated and the proceeds will be returned to the creditors (deposit holders). The assets are sufficient to make the depositors whole.
It's not the only Nash equilibrium. The other Nash equilibrium is that everyone keeps their money in SVB. That would have also been the Pareto optimal Nash equilibrium.

The fact that VCs settled on the suboptimal Nash equilibrium actually reflects poorly on them as a community.
It's deboosted. Comments with 50+ karma show up at the bottom of every thread.

Again, it's deserved. I get it.
As cost of university education spirals out of control, I expect that different forms of education, producing comparable levels of knowledge without all the expensive frills, will emerge, and be accepted by most employers. Of course places like MIT or Stanford won't be affected. A lot of smaller-caliber colleges will be.
This is highly reductive.

In that shot, he’s interacting with virtual water, sitting on top of a virtual creature and the top of his arm is virtual as well.

The argument online was whether it was fully CG or partially CG. Your version is one that nobody would pick because it wouldn’t work in the context of the shot. The anatomy of the Navi doesn’t map exactly to a human, especially the musculature. You’d also need the geometry in shot as well for interactions with other virtual elements.

It’s very easy to be an armchair expert. It’s much harder once you start delving into the intricacies of the work required.
I think early subscription boxes also sent out the surplus merchandise that was good, but not successful in the market for whatever reason. That era is gone.
Back in the day, you could get Linux distros with printed manuals. And more importantly, stickers!

RedHat is well known for printed manuals, but SuSE Linux also did this. I still have some of them on my book shelf. SuSE was shockingly inexpensive, given the high quality documentation and packaging.
They don’t.

Loans create deposits.

Deposits in a bank never go anywhere. All that happens as you “move” money around is the ownership tag changes. And that tends to change the price the bank has to pay on those deposits.
OK, thanks, I see it has quite a few options.

Edit: I installed and enabled laptop-mode-tools (per Manjaro Wiki) and I see the average frequency is now in the 2-4 GHz range, still on AC power. So maybe this changes things, will see.

Edit 2: Also installed thermald and started the service in case it's needed. But of course baloo just started indexing, so I'm not sure if my CPU freq is now higher by default or if it's just temporary...
But is that covered by Dodd-Frank? I think what the parent is getting at is that interest rate risk isn't factored in at all, only asset type (ie. whether it's "safe" stuff like treasury or it's "risky" stuff like derivatives). I skimmed https://en.wikipedia.org/wiki/Provisions_of_the_Dodd%E2%80%9... and can't find anything relating to interest rate risk.
Why would you trust ChatGPt about facts in the first place?

And as for product recommendations it's really generic.

what is the best camera?

As an AI language model, I do not have personal preferences, opinions, or biases. However, I can provide you with some information on what makes a good camera.

The "best" camera for you depends on your specific needs and preferences. Different cameras are designed for different purposes, such as professional photography, vlogging, or travel photography. Some factors to consider when choosing a camera include:

Image quality: The camera's sensor size and resolution can affect the quality of the images.

Lens selection: The availability of interchangeable lenses can enhance the versatility of the camera.

Size and weight: Consider the camera's portability if you plan on carrying it around for extended periods.

User-friendly interface: The camera should have an intuitive interface that is easy to use.

Battery life: Consider how long the camera can last on a single charge.

Price: The price of a camera is an important factor to consider.

Some popular camera brands that are known for producing high-quality cameras include Canon, Nikon, Sony, Fujifilm, and Panasonic. It is important to do your research and read reviews to find the camera that best fits your needs and budget.
It's literally a plastic capsule with microscopic holes drilled in it. A sponge on one end absorbs moisture and swells at a fixed rate, slowly pushing the methylphenidate out the other side.
[citation needed dude]
Is it simply a repetition count? If I made a billion pages that said the Earth was only 6,000 years old and stuffed that into the corpus, would that override the million pages saying it's 4.543 billion years old instead? Is there no PageRank-like algorithm that tracks what other links are saying about it?
Not all information is equally important though. Most people can't tell flac from a high quality lossy compression. If you cut off everything above 19khz and below 70hz you've lost information but not important information. The same analogy holds true about imagery. Which information is lost is important which is why I discuss clipping different levels and masking to make a stronger case. I'm just saying I don't think we can conclude an answer from this experiment, not that their claim is wrong. I want to be clear about that.
I did a 6 months Cert III in horticulture, a Permaculture Design Certificate and read and watched as much as I could. Every day is a school day and I am still learning. Not sure about where you are but here in Western Australia the paid jobs in horticulture are very low paying (my 2 day forklift licence is worth more in the work place) but one of those jobs could be worth considering for the learning opportunity - I have been working part time in a nursery whilst I build up clients for my own garden maintenance business.
Consider that not only do these pop ups still exist, but the “accept all” button is often prominently displayed or highlighted so it’s the easiest to click. And that looking for the “essential cookies only” button still results in a working website. Also consider that these guys are always A/B testing. A previous employer of mine had multiple features under test at any time.

You also don’t think that a whole bunch of developers never thought of just removing all the stuff that wasn’t essential?
Perhaps I am doing it wrong, but I find that react + typescript+ material ui to be a stack that i can deliver very fast in.

The convenience of having reasonable UIs, quick iteration helped us build fast.
Regardless, she’s the CEO of Victoria Beckham Beauty now. Failing upwards is basically what HBS is for.
1. Unity are planning to make Wētā’s tools available for a fee. So it’s not going to be locked away forever.

2. As good as their tools are, they’re not something that can’t be replicated in something like Blender.