skysight-inc/HackerNews huggingface dataset:
>Are there good reasons to believe they're safe, that the brands are trustworthy?

No. Sentimental values aren't an objective measure.

>Are there good reasons to believe that the brand name that's printed on the case means it's actually made by that company?

No. Most companies don't manufacture their products, in fact.

>How could anyone determine if it contains a keylogger, or an HDMI screen grabber, or a network sniffer, or a reverse shell, or a rootkit installer?

By having a sacrificial computer that tests every single piece of hardware and software before they are allowed access into your inner sanctum.
Who exactly withdrew $40 billion in a day? Is this public info, or will it be?
Blame? Sounds more like giving credit where it's due.
You _are_ misunderstanding. They banked at SVB betting on higher returns than other safer options and lost that bet. They were only ever told they would get 250k of that bet back. Now they are whining about it.
I’ve always been of the idea of the feds are insuring something, they should have a buyout option (something similar to what FDIC just did). FDIC doesn’t wait for the bank to call them, they monitor and step in.
> What's the point in having banks anyway. Why let the people in the bank earn anything if they are risking money that isn't theirs and that the government will pay back anyway if they fail.

They're not exactly risking nothing. Capital requirements mean that each dollar of deposits need to be backed by more than a dollar worth of assets. The extra assets serves as a cushion in case something goes wrong. That cushion makes up the equity of the bank, and comes from shareholders. If the bank "fails", the shareholders lose it all, so it's in their interest to prevent that from happening.
embedded is more than IoT though, I don't know how many embedded engineers Google has, seems not a lot as its consumer hardware are probably outsourced. Amazon does make it own devices and have quite a lot embedded engineers, from my circle, not a single engineer was let go so far, and I know more than 10 of them in various locations and departments.

problem with embedded is that it was paid less than SWEs, maybe that's another reason it's "easier" to have jobs.
I have to say it, the author is probably great at programming, but poor at writing.

Reads more like a rant, diary with random analogies.

Too much noise in explaining their experiences and forethoughts which aren’t really helpful to the reader.

Perspective can be explained in one sentence and then move on to core pieces.

Apologies but get to the point.

Had to use ChatGPT to summarize the main points for one:

On Bad Advice

The programmer who wrote the post is cautioning other programmers about the dangers of taking advice from online sources without considering the context and details of their specific situation. They explain that much of the advice they have received over the years has been actively harmful to their programming abilities. They suggest that programming practices are mostly tacit knowledge, which is difficult to share and can vary depending on specific situations. The post argues that it is essential to consider the context and details of one's specific situation when seeking programming advice and not to rely too heavily on generalized advice.
Having been through a painfully long acquisition, how do transactions of such a huge entity get pushed through so fast if another bank were to buy SVB?
It’s so rare that people ignore it. I’m surprised there aren’t insurance companies offering “fdic++” - I’m sure the underwriters could work out what it would have to be.
A Vulnerability in Implementations of SHA-3, Shake, EdDSA, and Other NIST-Appro [pdf]
Bank gives all the money and risk to a VC, they take it - the second the risk is at the bank it they run.
Depends a lot on the context. In this specific one, where $250k is getting freed up immediately and some large percentage of the account will be available within a week, then I'd be totally fine if the CEO says, "Oops, we got caught up in this, we'll do a partial payroll with what we have and get you the rest with a special check a week later."

On the other hand, if the CEO were saying, "Gosh, our company managed our cash so poorly that problems with one bank mean the company might go under," then I'd be looking for a new job pronto. Because not only would that mean notable financial mismanagement, but would also suggest that the business was not healthy enough that they could get a bridge loan or emergency investment.
Please take a moment to appreciate and respect that FDIC, as a government agency and regulator, stepped in mid day yesterday and banking operations will resume Monday morning for an orderly wind down.

> The main office and all branches of Silicon Valley Bank will reopen on Monday, March 13, 2023. The DINB will maintain Silicon Valley Bank’s normal business hours. Banking activities will resume no later than Monday, March 13, including on-line banking and other services. Silicon Valley Bank’s official checks will continue to clear.
Tim Urban about AI 8 years ago is more relevant than ever
What if one year it’s almost as smart as a human, six months later it’s like einstein, and two months later 10 thousand times smarter than all of us.
Isn't that going from max right on the pendulum to somewhere close to max left?
Making myself anonymous, or, how to remove data from radaris
So because traditional banks do not understand these non-traditional businesses they are "sketchy". That's a bit of a stretch. I've worked for two different companies with serious income in the 10s of millions who are still paying their salaries/taxes a decade later that were treated with disdain by traditional banks. One of which used SVB for that exact reason. Neither raised VC.

Nothing about SVB's failure had to do with tech startups. It's entirely because their executives gambled on a giant ball of mortgage debt with the worst timing. And now tech companies are paying the consequence. Much like how everyone else did in 2008.

It's trendy to blame VCs and the tech 'bubble' but this isn't the time. And I should reiterate I don't agree gov should be excusing the bankers behavior to save tech startups.
Fidelity FZDXX money market fund 7-day SEC yield is 4.46%. Minimum $100k initial investment.
If you want to keep this a throwaway, delete this.
> No, rvnx is correct. SVB held many of these assets as "hold to maturity" assets.

He is wrong. This is just an accounting term / treatment. You can still sell them, and will obviously recognize the loss when you do. Had they been 3 month bonds, they could have been sold for basically full value and remained solvent.

Yeah, obviously the bank would have no problem if there were no bank run. But the reason there was a bank run was because the didn't have money because they locked their funds into bonds that subsequently lost all of their value.

Whether they were "held to maturity" or not, the fact is that they lost value. Not that they were locked away for 10 years untouchably.
Yep. Only a very few industries technically pay in advance.

And these startups could announce they’re going to “monthly pay period” and glide out two weeks. Questionably legality.
Is there a health insurance provider that will cover past costs? I've never heard of one. They do of course cover future costs of existing illnesses, but that's thanks to a fair bit of special lawmaking and cost-sharing mechanisms. Neither of which exist for homeowner insurance. Or bank failure, for that matter.
Nope, "virtual on sites". Zoom call and codepen.
A few days ago a VC warned all the companies in its portfolio that SVB was in trouble and they should withdraw all their funds. That's probably what OP was talking about.
A bunch of customers. I don't know if a list will ever be published or why.

https://fortune.com/2023/03/11/silicon-valley-bank-run-42-bi...

> Customers immediately tried to pull their money, including many of the venture-capital firms the bank had cultivated over decades. Peter Thiel’s Founders Fund, Coatue Management, Union Square Ventures and Founder Collective all advised their startups to pull their cash from the bank, people familiar with the matter said.
He was CAO of SVB Securities, a previously independent bank acquired by SVB in 2019, becoming one of three subsidiaries owned by SVB. Unlike SVB, it continues to operate.
You can purchase DIF, when the account is at a participating bank. SVB chose not to participate in that non-FDIC program. However, SVB knew all about the program, even commenting on FDIC rule changes for it over a decade ago. [1]

Ultimately, people will have to accept that SVB wasn't as trustworthy of a guardian as some other banks. It appears that people were pushed into using SVB, because it was part of the VC ecosystem.

It's an individual CFO or Founder's decision as to whether to insure deposits or not, but claiming ignorance of the possibility is going to be ignored by a lot of others.

[1] fdic.gov/resources/regulations/federal-register-publications/2010/10c20ad66rates.pdf
In Canada (or maybe just Ontario... I'm not sure) the inconvenienced employee can sue for constructive dismissal. To do so, they actually have to stop going to work until they get paid, so I imagine it is a messy situation all around.
What people don't seem to realize is that banks themselves are a form of speculative vehicle. You pay deposits to the bank, and they then invest these deposits in commercial loans. Banks are incredibly risk adverse as a rule, however, in this case the amount of deposits that SVB took in between 2020 and 2022 doubled from 40 to 80 billion dollars. The only way that this can happen is if the amount of available loans that the bank can make at the same risk profile increases through greater demand, or if the bank acquired several other regional banks.

Well. That wasn't happening. So the bank started making riskier and riskier loans rather than reduce the number of incoming deposits.

Arguably, given inflation, the value of FDIC should be increased beyond the $250,000 limit. But it's difficult to have much sympathy for companies that invested large sums of money into SVB without doing their due-diligence. If these companies need to be taken over by the federal government to prevent stock market contagion it would be nice to see some political consequences as well.

It's absurd that a Lehman Bro.s CFO chairman was an executive at this bank. There will be lawsuits that come from this, but I'd expect that the federal government should also be an aggrieved party (as in, "the People Against...") given the risk of this collapse to the finances of the larger public.
I've looked at doing this myself as gardening and plants are a passion of mine. Would you happen to have any advice?
Why should they try and save the SVB brand ?

It deserves to be dragged through the gutter for the hubris and incompetence demonstrated by the CEO, CFO etc.

And hopefully a reminder to everyone that they should due diligence on their banks. The fact that they had no CRO and openly lobbied for deregulation should have been major warning signs.
That’s the more frightening thing. On paper SVB was delicious - assets way above liabilities.

And even FDIC leaning as hard as they can and pulling all strings can’t get a bank to eat them.
So you hire people to pretend to be your friends.
How do I leave this planet and your family and “friends” permanently on it?

I hate everything you stand for.
Dupe? https://news.ycombinator.com/item?id=35108732
To put things in perspective, merely the difference in assets held between the #1 largest bank in the US (J.P. Morgan Chase, $3.2 Trillion) and the #2 largest bank in the US (BofA, $2.4 Trillion) is something like four times the total assets of SVB at its peak.

The question is why one of those banks, or Citigroup or whoever, would take on SVB's accounts if they weren't legally compelled to. SVB's financials probably aren't great and they cater to a customer base whose superpower appears to be well-coordinated bank runs.
The VCs had all their money at SVB.
I don’t think anyone said size doesn’t matter. The point is that by training for longer, models with fewer parameters will perform similarly to GPT-3 models with more parameters.
Indeed! And I believe that for floods, the FEMA buyout program is something like that: https://www.fema.gov/case-study/flood-buyout-eases-homeowner...
Was there a piece of repealed regulation that would have prevented SVB's collapse? Or is this just generic airing out of all of SVB's dirty laundry now that they're pariahs?
The depth of the reporting also depends on the article. For a particular example, I thought The Economist's article on GPT-3 published in June 2022—before ChatGPT would later be released in November—was particularly good, as the article soberly discussed at length the strengths and weaknesses of large language models, without overhyping the technology (paywall): https://www.economist.com/interactive/briefing/2022/06/11/hu...

However, it's also fair to note that many articles in their weekly issue—often at 600-800 words—just don't have the space to go in-depth enough into an issue, in contrast to a feature in The New Yorker or another long-form magazine like Foreign Affairs.

I've found The Economist to be a useful publication to hear about interesting problems I might otherwise have never heard of, and to read a fact-checked concise overview of a particular topic, before looking for a more in-depth source if there is a motivation to read further into the topic.
Obviously the problem is not that the cat sweater business needed more bank accounts. It's that Etsy needed more bank accounts. Etsy is the one that cannot get its own money.

The cat sweater business probably wasn't banking with SVB to begin with.
If your company didn’t pay you, would you work there? For how long?

It’s not necessarily about the finances of the employees, it’s about the finances of the startups.
The Old Pro is returning to downtown Palo Alto
Thank you so much for this, I didn't see dang's comment in that thread.
I feel that way about Bloomberg Businessweek. There was a time when I was doing a lot of business development work and it seemed I had some insider insight into some story in in every issue. That is, I had been in on a sales call with the people at some company they profiled, or knew some competitors in stealth mode or somebody had told me and my partner more than they should have about what was talked about in some article.
It may be trite to even mention it at this point, but for fun I gave all the example code in the article to ChatGPT and it correctly explained the problem in all but one case (the whitespace one). Pretty cool!
All of which complexity just means that air travel carbon costs are a slightly more complex noneuclidean metric than just ‘spherical geometry’.

But you should still be able to define a metric over the graph of airports which is based on costs.

And what Fermat points tell us is that even in well behaved metric spaces like the plane there can be cases where minimizing distance means going to a node other than one of the starting point. So in more complex spaces it seems likely that that remains the case.

Which was all the op was asking.
given hours ago the front page had a ycombinator plea to bail them out I doubt it either.
> the laws against building new housing or repairing tractors are gone because >10% of people don't.

I'm having a hard time believing this. The evidence demonstrates that the complete opposite occurs - people reject almost all new housing projects because it would devalue their property. Imagine if more industries were subject to the same tendencies NIMBY property owners effectively use to veto housing projects by manipulating zoning procedure.
If your books say $150B in assets against $160B in deposits, you're insolvent. HTM/MTM is upstream of this.
I liked much of your critique, but you completely lost me with your last para.

Systems programming is about adjudicating contention for system-constraints and system constrained resources. It's about creating relatively clean interfaces to relatively thorny problems. It's only lost apparent pertinance because of the explosion in numbers of people "coding" web front ends or other things at the top of the stack, and because the code that solves some of these problems is well understood and complete. But underneath all what we do in the various userspaces is the same and even greater complexity of problems which require maintenance and development/porting to new architectures as they get developed
FDIC doesn’t have to find a buyer for the whole bank, they have leeway to split up parts of it to negotiate. So they may be able to make a deal for CMOS, especially if congress were to authorize something.

But it could be nobody wants to touch it. Maybe Musk wants a bank?
It is important to note that “willful violation” in this context just means that the employer knowingly failed to pay wages on time (i.e. it was not just an error). It doesn’t imply any evil intent—being unable to pay on time does not absolve the employer of the steeper penalties.

It is also important to note that it is illegal for an employer to retaliate against an employee for complaining about wage violations.
The rise and fall of Birchbox, the startup valued at nearly $500M has vanished
Even if they have $100,000 in furniture at each branch that's less than $2 million total, which seems like such small potatoes compared to the $200 billion in assets.
What's the community?
This tweet looks more and more like utter BS
Consumers always end up paying for it one way or another.

In theory, the reputational damage done to the CEO, CFO etc means that they will be unemployable in the future. But seems like everyone in the finance world has short memories so I doubt this will be the case.
From my mental math, you can run 4bit quant 7B, but the quality for that might not be what you're looking for.
Honestly it is difficult to find the correct information from reliable sources.
There was an episode of "The G Word" on Netflix that followed a FDIC bank takeover game-day. They're always preparing for the worst and know when they're called, if they handle things smoothly, it protects the entire system.

I have huge respect for the FDIC. I feel they're the perfect example of a government agency that works.
Banned from Medium – Own your content
I think 100% is more likely than below 90%
>Whether or not a couple houses in a couple block area, or 1 apartment building all "collude" to do something has very little effect on the competitive market of the massive housing industry.

This is not correct. There are HOAs spanning dozens of miles, with and tens of thousands of homes.

>But large, major players in the education space (each of which enrolls thousands of students), all agreeing together to do something, has a much larger effect, in comparison.

The vast majority of universities offer athletic scholarships, this is not really true either.
I love how people forget what this is for. that's "love" in sarcasm quotes, if it isn't clear.

this is for me when I want to enable virtualization on a user's laptop remotely, without sending a human to their desk or to their house to enter the bios password and to enable virtualization or do whatever else I need done in there.

this is how I ship a laptop from the manufacturer directly to an end user, at their home, and they unbox it, turn it on, log in, and the computer becomes a corporate-managed device. I don't have to fly someone out so they can set up the computer, or ship the computer to the office for configuration before it gets shipped again to the end user.

this is not a nefarious thing, nor is it a target for hackers, because there are far easier ways to trick someone into doing something which lets the hacker onto their system.
How do you know the artwork and adwork you're seeing today isn't generated using a diffusion model? Every professional artist I know has SD & blender in their toolkit
>Still has a significantly smaller effect on the market than a bunch of education institutions coming together to collude.

Citation needed. Again, the vast majority of Division 1 schools offer athletic scholarship. Where is this large collusion effect?
That's how Google maps did it. Got everyone hooked on cheap tech then hit them with a few order of magnitude price hikes.
"There is No Reason for Any Individual To Have a Computer in Their Home"
Their core instructions in this situation is to maximize recovery, but, a lot of that is securing the maximum value as quickly as possible to reduce risk because reducing risk is also maximizing recovery.

They won't ever HTM but they can sit on things for a bit, they do have reasonable flexibility.
This regulation would have required that they undergo more rigorous stress testing by the fed.

Would it have prevented a bank run by a bunch of spooked VCs? We’ll never know, but one would imagine it would have put them in a better financial position.
For sure. If perfect accuracy is important, it's still good to do sampling and human review to figure out accuracy rate and decide if further checking is required. But it still beats the pants off accuracy of other methods for the amount of work required.

That said, with fine-tuning, `davinci-003` is _excellent_ at the types of entity extraction you're describing.
This is how Ivy works the best:

1. A group of smart people to sustain the academics and ranking.
2. A group of elites to benefit from the brand mostly created by step 1.
3. Adding some diversity to shut up complaints, for political correctness too.

This is called holistic strategy and has been working all the time.

After graduation they help each other to keep the brand, for those who become more "successful", they donate back to keep this pattern strong and probably feed their own next generations to step 2 above.
This risk doesn't really depend on having USD reserves though, does it? If the company offers making the USDC <-> USD trades outside of business hours, it's taking the risk. (Of course, if it has the reserves it can be sure to remain solvent if that risk manifests.)
The Economic Growth, Regulatory Relief, and Consumer Protection Act [1] which was introduced in 2018 "increase the asset threshold at which certain enhanced prudential standards shall apply, from $50 billion to $250 billion".

Apparently SVB had assets of ~$220 billion in 2022 [2].

[1] https://www.congress.gov/bill/115th-congress/senate-bill/215...

[2] https://fortune.com/2023/03/11/silicon-valley-bank-svb-ceo-g...
Do you and/or your friends personally have the assets to make SVB whole? If you were proposing to put substantial “skin in the game” (very dated 1980s business-speak) you might receive a more positive reception.

Right now, it is mostly a regional problem, since the “startup industry” did not diversify much outside the Bay Area, or the Pacific Coast. Industries with a broader national reach maintain a broader and deeper lobbying presence in Washington and thus get more Federal attention. Might be a lesson-learned here. Along with the most elemental due diligence in financial risk management.
Benchmark in English here: https://www.storagereview.com/news/gigabyte-aorus-10000-gen5...
Feels like a never ending cycle. Economic calamity occurs. New regulations brought in. The very next day the industry starts lobbying to have those regulations removed. They find receptive ears and achieve their goal. Economic calamity occurs.
> I would point out that this "arbitrage" existing for more than a brief moment implies there are lots of people who do not believe that Circle can meet these demands and are happily unloading their positions

I thought 1 new coin is created for each new $1
I took the comment you are replying to and I literally copy and pasted it into Google.

https://www.foxbusiness.com/economy/silicon-valley-bank-exec...
Not really sure what your question is, while it is true that Stanford is a labor activist, his book is not really that much left. Economix is also not particularly advocating for the left. Neither of the books seem to advocate any particular ideology.