skysight-inc/HackerNews huggingface dataset:
Yep. If you don’t live in Ottawa, please stop trying to tell us how peaceful and reasonable the attempt at overthrowing our democratically elected government, attended by nazis flying swastikas on our monuments and involving people trying to burn down buildings, was.
Correct, although if they don't do something to make money with the cash they take in as deposits, they won't have sufficient income to cover their expenses, let alone make a profit.
I think its more about how this information is all very easily researchable, especially now. And most news articles about this situation will have explainers about the finer details in the articles, at least enough to get you up to speed that you don't have to ask commenter on an HN thread for super basic information.
sounds like you are describing a liquidity crisis to me
> why won't he have sold them?

To make the case for "hey it’s not that" if needed, for example?
Sorry, was the rosebush off the lawn, not green, or a weed?
Not it’s not. It’s good communication
Research2Story – Turn Research Papers into Hilarious Novels with ChatGPT
If you were ultra paranoid, what other institution types would be advisable to exit? Could this impact investments in the market?
Here's the tracking-free version of OP's link:

https://tech.ahrefs.com/how-ahrefs-saved-us-400m-in-3-years-...
You're conflating skepticism that LLM's "solve the mystery" with contrarian "AI denialism". The former is very sanely grounded and frankly there's a lot about the brain that is still a mystery (yes the algorithms, not the boring biologically specific details). The later is tedious Neo-cartesian dualism that usually has ulterior motives. This paper did not in fact show the brain working anything like a LLM. You can kind of shoe horn a LLM into reproducing a fair bit of what the brain does, but you are taking a hammer to a screw and claiming you've understood how it works you just have to scale up your hammer.
The Canadian Charter of Rights and Freedoms was inspired by documents such as the 1948 United Nations Universal Declaration of Human Rights. Other international influences included the 1950 European Convention for the Protection of Human Rights and Fundamental Freedoms, and the 1966 International Covenant on Civil and Political Rights. The concept of individual freedoms existed in Canada long before the Charter was put pen to paper, as it inherited its culture from European origins, where elightenment ideals had been evolving since the 17th century. So the Charter and the US Constitution are similar (but do differ in a few important areas) because they are derived from the same set of values.
PCIe devices like GPUs can access system memory.

Integrated GPUs also access system memory via the same bus as the CPU.

It’s not really a new technique. Apple just shipped a highly integrated unit with large memory bandwidth.
That is one of the people who did this stunt: https://www.wionews.com/world/ligma-johnson-two-pranksters-p...
The Nvidia Jetson/Tegra line did (and does) unified memory. Released 2014[0]. Nvidia already has ARM cores. They’re just terrible compared to Apple, Samsung, etc.

This is what the attempted ARM acquisition by Nvidia was about - with the ARM talent, IP, etc they’d be able to integrate more than just memory (GPU, CPU, connectivity via Mellanox, etc).

Regulators shut it down (for good reason) but I can’t help but think we would have seen some really interesting and revolutionary platforms come from it.

[0] - https://en.m.wikipedia.org/wiki/Tegra#Tegra_K1
> People keep talking about how 'this is a solvency crisis because if SVB had to sell everything today, they wouldn't cover liabilities' when that is the definition of a liquidity crisis.

I don't think that's right. It would be a liquidity crisis if the market value of everything they own is higher than their liabilities but they can't find a buyer at this time. You are saying that a liquidity crisis is when they can find a buyer but everything they have is worth less than their liabilities. That's not the case.
Word is that 50% of assets already sold by FDIC. Which will allow a large chunk of each account to be unfrozen by Wed so companies can make payroll. FDIC is not fucking around. Hat tip to them.

Balance to take 2-3 months. Will require an actual application and paperwork.
Indeed:
https://twitter.com/search?q=svb%20covenant

I guess if someone loans you money, they want to be able to keep an eye on any sudden moves you make with it.
https://archive.is/8Otzz
Those assets cannot plausibly be sold for their currently stated value in the near-term. That's the whole reason SVB got into this mess...
I think you massively underestimate how hard it is to coordinate under these kinds of conditions. Plenty of startups are going to be unable to make payroll, which can pierce the corporate veil in CA, it's not a situation where cooperation is the first thought.
So you are suggesting that they might get away with one payment (because the money went missing) but not with more?

What if they relied on cash for multiple payments (think startup that got funding)?

It is also unlikely that people wouldn't notice they are not getting paid so it is hard to argue they won't know about further non-payments.

I would say if they don't have money to pay people they have nothing else to do than fire them or shut down/go bankrupt if it means the company cannot continue.

What if they have a chance to get funded/bailed out or if they expect money to come soon (from expected cash flow)?

I think the danger for the board should be if they promise people get paid and then they can't do good on that promise. Or if they actually have money but use it for something else instead of paying people.
HKT is the means, solving cross-cutting business concerns without fragile hacks (like reflection or metaclasses) is the end. If you use a language without HKT, you will have those flaky hacks in your codebase (because the alternatives are worse), you will have outages because of them, and your business will suffer (admittedly maybe not by enough to matter, depending what business you're in). Think back on your last outage - it's a good bet that using Scala would've prevented it.
Seems like it's extremely high performance for me on an M1 running the 7B model. Totally usable.
Humans demand connectedness. There's something to be said for participating in seven independent communities with seven independent accounts, but when you see something from Community A and want to share it with Community B, a system that doesn't allow either account to make that connection is going to frustrate people, and get outcompeted at the system level by something that does.
For those unaware, dept of labor takes late paychecks seriously and will help you as a worker. Late paychecks and other forms of wage theft make up the single largest category of theft. Too bad more people are riled up over small time crimes like shoplifting leaving many in the dark about what they can do about their employers stealing from them.
If you are interested in implementing LLaMA yourself or learning, I noticed that the reference code by Facebook is one of the cleaner, easier to read ML code I've seen in a while. https://github.com/facebookresearch/llama/blob/main/llama/mo... It's about 200 lines long. You probably do need a bit of knowledge to understand what you are reading but I was pleasantly surprised.

For example in comparison, StableDiffusion torch code in diffusers and transformers Python libraries has lots of conditionals, experiments etc. that are not being used that can make it hard to follow what is going on.

Last weekend I got the "main loop" of the transformer working in pure CPU Rust code, following the reference code. My crappy code is just very very slow as I focused on getting it to run, not making it fast. The tokenizer uses some Google thing https://github.com/google/sentencepiece but luckily for inference it seems that you just need to be able to parse the tokenizer model file and not understand how it was created; I was able to strip out the protobuf files from that repository and add it to Rust and read the tokens.

I am optimistic that someone makes a high quality CPU or some CPU+GPU+SSD combination thingmaling that will make it somewhat practical to run even the large LLM models without needing an A100 or two.
Next-Gen Apps with Azure OpenAI and Cognitive Search
The thing is, it wasn't beyond their control.

It was a known unknown you could hedge. You know your account is not insured above $250k so you make sure you prevent the loss in the unlikely event that...
> What's it called? I do this sometimes also and I'd like to know more.

I think it's called "Auditory Processing Disorder"[0]. I'm pretty sure it has to do with me being autistic. I've done hearing tests before and my hearing is just fine, it's just processing what I hear that is the problem.

"Sometimes saying [“huh,” “what,” or “I don’t understand”] and then immediately responding appropriately"[1] is exactly what happens with me.

[0]: https://en.wikipedia.org/wiki/Auditory_processing_disorder

[1]: https://www.vocovision.com/resources/parents/auditory-proces...
It was profitable those 2 years, then they lost a big lawsuit which caused a pretty big loss in 2020. But overall since its IPO 2013 and 2020 were the only years where its cashflow actually got worse - overall it was trending towards a more sustainable cashflow. By silicon valley/US corporation standards that's far from a dumpster fire or anything.

https://www.netcials.com/financial-net-profit-year-quarter-u...
FTC Should Investigate Music Streaming Deals, Study Urges
SVB’s UK Business to Be Declared Insolvent by Bank of England
So don't buy any electronics? It's pretty hard to avoid Foxconn they are used by almost everyone.
Protip: Don't make accusations against someone that can easily be refuted by looking at video evidence from your own cameras.

(Special Darwin Award extra credit if the video evidence also shows you doing things that are at least questionable.)
>Musk is very vocal about his far-right views. He's anti-union, anti-public health, etc.

When any amount of right wing is far right, it just show how far left your perspective is. And if you think far right is in any way worse than far left, that's just more evidence of the same. They're the same people, just with opposite causes.
I'm thinking of the Glass-Steagall Act that was put into place after the great depression. It prevented banks from engaging in both commercial and investment banking at the same time. You had to choose what sort of bank you wanted to be. The effect of this was to prevent banks from being able to take depositor's money and put it in risky investments.

It was effectively repealed in 1999 by the Gramm-Leach-Bliley Act. Its repeal is one of the things that allowed the 2008 crash to happen.
Forbe's 20th Best Bank Feb 2023: SVB Financial Group
the economists at the fed think the only possible cause for inflation is demand pressure, forgetting the historical supply crunches that have led to inflation. wages are up and unemployment is down because production is still reeling from covid, especially as the largest generation in history retires. so amusingly, in their failed ploy to crush labor power, the feds have fucked the banks.

(this is not to excuse the greed of the bankers - this crisis is the purest essence of capitalism, it's inherent contradictions on full and gory display.)
That's perfect actually. I'd pay for a browser extension that does this
Russia isn't trying to advance. They withdrew in Kherson in an orderly fashion because they believed the supply lines were too vulnerable. The Ruble did not crash vs. the U.S dollar. In fact it strengthened for a while and it's back to its long-term average[1]. Anecdotal reports from inside Russia from average Russians that I read on other forums seem to show that there is not a lot of economic stress.

[1] https://www.xe.com/currencycharts/?from=USD&to=RUB&view=2Y
Is the implication then a 100% correct explanation does not exist?
This is exactly what's happening here. Equity investors have lost their shirts. The government protection is only for depositors.
Summers Sees No Systemic Risk from SVB If Depositors Protected
idk, I think the site's design is kind of endearing even if it isn't super ergonomic. Maybe I'm just old and nostalgic for the wild west creativity of the early web before everyone slapped bootstrap on wordpress or whatever and started looking the same. :)
Lot of libertarians suddenly interested in the services a central government can offer them today.
I’m inclined to say they will if it guarantees they get it back.
> People keep talking about how 'this is a solvency crisis because if SVB had to sell everything today, they wouldn't cover liabilities'

This is not accurate, and the inaccuracy is the difference between solvency and liquidity.

If svb had longer (ie weeks), they still wouldn't be able to cover their debts. Its not a matter of needing time to arrange buyers for their assets; their inability to pay isn't related to liquidity today or tomorrow, it's related to their asset's value. If they snapped their fingers and marked to market all their assets, they would be in debt because they're insolvent.
This isn't really a report in the sense I was expecting (albeit surprised at the speed), it's just a high level overview:

* Bank announced it was selling assets to ensure liquidity

* This caused a run

* The bank became illiquid

* The bank can no longer pay things when they become due

* Therefore the bank is insolvent

* The commission was ordered to take possession of the bank

* The commission has taken possession of the bank

Seems very much like a boilerplate "well that happened" form
those folks colored my childhood. thank you
Really. Companies are going to panic and lay off masses people, effectively destroying their company in the process. "Who do we fire? A don't know! Fire some people!" Well it's 4:30 on Friday and I haven't heard of any layoffs from this yet, so I call B.S.
https://www.youtube.com/watch?v=gUkbdjetlY8
Yes, it’s been moved to further up in the piece (less buried) and the BBC spokesperson quote has been updated to a more strident one:

“In a statement provided after the story was first published, the BBC said: “This is totally inaccurate, there is no ‘sixth episode’. Wild Isles is – and always was – a five part series and does not shy away from environmental content. We have acquired a separate film for iPlayer from the RSPB and WWF and Silverback Films about people working to preserve and restore the biodiversity of the British Isles.””
Yeah, it's like a stampede in a crowded theater - once the panic sets in everyone's fleeing for the exit and telling everyone else to go too. You could call that coordination, but it's more like once the panic starts it will carry itself out.
Iow it probably wouldn’t compile with an actual C only compiler, but by and large it looks more like C than like C++?
I discovered the induction stove while on holiday in Europe. I loved them. Fast and responsive, easy to use, and easy to clean. All the advantages of gas with all the advantages of electricity.

My preferred brand is Siemens, the markings on the stove are more defined, and the display in use is more informative. This is mine: https://www.siemens-home.bsh-group.com.au/productlist/cookin...

This British video shows how a Bosch brand cooktop is used: https://www.youtube.com/watch?v=zB3ozCRyQMY

LATER: Can you get it hot enough? We don't use our frypan higher than 8 out of 10, otherwise it burns. We made that mistake a couple of times before we learned.
Is there a reverse lookup SVB -> X Company Balance sheet line?
> humans actually does go "hmm, let me think"

Eh, HN is supposed to be "better" than your standard public forum and we still always end up making habitual arguments, not truly reasonable ones. I find your hope inspiring but not enough to ignore my senses.
You keep referring to this 40% number and calling it a "significant discount", when in actuality it's only a 7-8% decrease in asset value that would be needed to wipe out shareholders ($211B assets vs $195B liabilities on their latest balance sheet). In your original comment you mention the bank selling assets at a 8.5% discount as a point _in favor_ of your thesis. You seem to not only be missing the contradiction there, but also making a vaguely optimistic case for investors getting money back in an asset firesale.

I don't mean to dunk here, I just get nervous seeing someone propose a super-high-variance trade that goes empirically wrong an hour later, and then quote Benjamin Graham. As the responder above said, given the size of the dodged bullet you should really be updating your priors on investing strategy, but you seem to barely even regard your thesis as mistaken.
Is there any bank out there that can survive a panic bank run?
> You can't grow most crops under solar panels

What sort of crops and how long are the panels blocking sunlight for?

For some crops there is such a thing as too much sunlight (or too much heat).
How paranoid would you have to get before you'd be willing to convert all your money to crypto? ;P
Yep. If a company with a history of treating their customers well did this it would look positive, but for Brex to do it just looks opportunistic.
all companies with this size of cash have an internal treasury function
I agree with the social stuff but it doesn’t have to be drinking alcohol and forced fun. Just grabbing coffee every day, organise some board games, low key stuff is good too. I can see why the party oriented social events can put off shy / religious / parents etc.
But you can get to know people without that and make connections.
> I don't see how those are liabilities of the Federal Reserve, but maybe I'm missing something?

To my sibling: Missing is the fact that US dollars are bank notes issued by the Federal Reserve. Issuing a note creates a liability.

https://www.federalreserve.gov/monetarypolicy/bst_frliabilit...
Bond traders are generally old white male republicans
China’s New Way to Control Its Biggest Companies: Golden Shares
Well I guarantee you the research project I worked on is now gonna get shut down because of this.

Academic work has costs but nothing like 42k per month, if anything that was the entire budget allocation for one RA's salary for 80% of the year.

The current project I am on now, has only been allocated 250k for multiple people (3 RAs) working on it for the year.
This article is slightly click-baity. The payments are delayed in some cases, not held out altogether. From what I'm hearing so far, Rippling has changed banks over night and has instructed all clients to update the ACH filters accordingly. Only payroll cycles caught in-between will be affected, but even then they are delayed, but not held.
Right but that's why loans make sense. We know the assets are good quality but it will take time to liquidate them. Companies that can't wait for that to happen will benefit from taking a loan to buy themselves time.
btw Revision Demoparty just around the corner
If you were interviewing for a mid-level software engineering job you might suggest "that seems like a single point of failure that could result in a big failure, let's think about how we can add redundancy."

Seems like you haven't needed to think about systems design as a VC! "Yeah go to the same place as everyone else I invest in, what could possibly go wrong?!"
The US Government is the people of the US. They went over the 250k limit. If they don't have private insurance for that, fuck them they're on their own. Not big enough to bail out, the regular people didn't get it either in the great recession.
In jest, this comment reminds be of that article about "The Gods On Hacker News" [1]. A random user just typed "when I had about $25mn in my business account..." like that's nothing, lol.

1- https://www.riknieu.com/the-gods-on-hackernews/
Yeah I was surprised that they wrote an official court document like that, with plenty of sarcasm and snark. I actually wanted to keep reading it all the way to the end.
Hope you guys are all using VPNs. I wasn't busted for piracy, but almost lost my freedom (even though I was a minor) for other computer related 'stuff'. I will neglect to say anything more for 'reasons'. :)

IIRC the statute of limitations for the CFAA only has a statute of limitations of 2 years, but there are so many other laws outside the CFAA (and copyright, etc.) that you can violate.
Now they have to decide between AI and VR. Unless Zuckerberg wants to put wood behind multiple arrows, which seems like a great way to risk missing both opportunities.

Oh, and they have to KTLO at their money makers.

Shrinking at opportunity seems strange if the business is healthy. It's a great signal to would-be engineers on these efforts.
> businesses have different goals and its focus should be on achieving those

For most businesses, still being around and profitable is an implicit, if not stated goal.
If you use your bank account brokerage to buy stocks, what happen to the stocks if the bank goes bankrupt like this?
How to make your smartphone boring
fifteen years ago we had simpler explanations of why things are going to pieces. Nowadays everything is more complicated - but the results are the same...

(i think HN needs a black bar, we are all screwed)
Part of the reason to protect retail customers is to reduce runs on banks.
California labor laws are extremely powerful. "Not receiving agreed upon wages" is wage theft, full stop. They don't care if your bank collapsed or your great aunt ran off with contents of the cash register.

All you have to do is file a wage theft claim with the Labor Commissioner, who evaluates your claim and issue an ODA (Order Decision or Award). Once the ODA is filed it is considered a legal judgement against the employer. You can then use any legal means to collect.

Edit to add: the whole process so streamlined and employee friendly it happens entirely outside the court system. Once a claim is filed the employer has to pay you or appeal within 10 days.
I mostly follow the PC scene, and I'd recommend checking out demos by Fairlight&CNCD, MFX, Kewlers, Orange, Still, Quite, Logicoma, and if you're into those then check out other groups that get 'greets' from these ones (a section of many demoscene productions where groups greet each other by name). Pretty much everything can be found on pouet.net.

Here's a YT link to one of my favourites: 'Number One Another One' by Fairlight and CNCD:

https://youtu.be/LyXwmt0EZig
Just email the academic and ask for the paper, it's the journals that are ripping everyone off.
As a side note, I find it fascinating how fractional reserve banking is not only legal but considered indispensable to the economy. It just sounds like a big scam. Why do private bankers get to create money and decide who gets it? It feels like there has to be a better way.
Ya know, I haven't. That's a good point. Honestly splurging once on some nicer gear to try might be worth it. That's for the suggestion.
Python Basics Onepager
I've always found it odd that cash-rich companies keep bank accounts, when they could purchase short-duration t-bills.

There's now at least one business bank the will purchase t-bills on a companies behalf with minimal transaction costs.
I'd use it.. :-)
Primarily i'm looking to compare a user list on a SAAS with a source of truth list to figure out which accounts to add/remove/change etc. Ideally i'd like to know which email address the user was setup with, whether they are using SSO or password to login, what permissions they have and when their last login was.
This is so awesome and exciting. I have an M1 iMac and it was trivially easy to get this working and generating text. And the performance is VERY impressive, especially considering that it's not even using any of the built in "neural compute" stuff. Also, the model seems like it doesn't have any political correctness conditioning based on some of the completions it has given me on controversial prompts. I can't wait until someone gets the 13b model working (sounds like this should happen in the next day or so) and gets the repetition penalty working.