skysight-inc/HackerNews huggingface dataset:
Not sure why you're being downvoted. But I love building PCs too. There's no way I'd want to put together my company's server hardware though even though the basics are the same.

I do not want to be on call 24/7.
I think I understood now what a recession is. It's a period of time where in all the companies show their true colors.
There are hundreds of threads on twitter already analyzing the balance sheets of the public banks and ranking them based on risk levels.

First Republic has been singled out as one of the more vulnerable, and thus, likely to experience a bank run over the coming days.

Many pics of people withdrawing their money en masse from the bank earlier today:
https://twitter.com/Dr_PhillipB/status/1634632068058722304?s...
just ask me in a gForm next time
Not really. What SVB invested in was NOT the same kind of thing that tanked 2008 — in 2008, it was (basically) lies about the creditworthiness of MBS and default rates going through the roof.

SVB held a lot of MBS but it was a safe tranch — the risk was not of default, but rather of a market value decrease if interest rates rose.

Which they did.

Which would not have been a problem, because the full value would eventually be paid back in full, as long as the bank didn’t need to sell them.

Which they did, because more depositors were withdrawing funds than expected, because the investment market tanked and startups were drawing down funds.

Which resulted in selling a loss.

Which spooked VCs.

Which caused a run on the bank.

This was not a 2008-style “Wall St. gambling” problem — if anything it was a misunderstanding of risk, but not in the “wow, 50% annual returns, who cares how safe it is” sense.
I asked chatgpt to parse a quadkey (a standard neumatic reference to a location on OSM). It pulled three different codes from the internet and gave me three different answers from different countries- none of which was correct.

The other day I asked it a geometry question. It stated (correctly) that the ratios of the corresponding sides are equal. But when given measurements from two triangles it got one of the ratios reversed.

Chatgpt only really gives an illusion that it is capable of logical reasoning. When presented with specialized problems it is more likely to produce bulls*it.
make it a google form
It’s essentially a question of did you take a look the code?
There is comments in the codebase directly where the config values in question are being used. Eg.

> # repetition penalty from CTRL paper (https://arxiv.org/abs/1909.05858)

Now I’m assuming a base rate of knowledge for this to help, but in general I find diving into the code paths of open source models, usually is a good use of time.
Did you even see the movie?
I haven't read his work, but the firewalls sound like encapsulating things to reduce interdependencies, which indeed is what makes unittests feasible.

The data structures that go in and out of the modules then get replaced by "mock" data structures.
You think banks putting money in bonds is gambling?

If so, how do you suggest banks make money?
https://archive.is/bnXgI
What happened in 2008? I was very young then so I don’t know.
The fact that the supposed financial advisor in the story doesn’t understand the FDIC (specifically the comment about the small banks going under if JPM goes under) really defeats their credibility.
> Let’s see if the Mac studio is discontinued or updated.

I do hope that it's updated. I could see them reserving the top end chip for the Mac Pro, though. Or maybe make it a dual socket?

In any case, I much prefer the ability to run an Apple computer with a proper cooling setup. I know that cooling pads for laptops exist, but ultimately it's a bit of a janky solution compared to actually adequately cooling the system properly.
This is really more of an embarrassment for the banking industry and bank regulators. The immediate threat is also to the banking system itself, as the question on everyone's mind is which bank will have a run on it next. That is definitely not the kind of situation that the world needs to wake up to on Monday. I'm really hoping they'll announce that a collection of some banks (or ideally all US banks with Fed accounts) has pooled resources together into a fund that will bail out SVB and any of its peers that might need bailing out. Since bank runs psychological, the act of announcing that a bank on the brink of a run will be bailed if a run happens would hopefully prevent the run from happening. After the banking industry is done bailing SVB out, US banking regulators should require banks like SVB to better manage their concentration risks.

If we don't wake up to a situation on Monday morning where every SVB depositor has been somehow promised that they'll made whole, then the Fed will be repeating the exact same experiment it tried when it allowed Lehman Brothers to fail. The lesson from that little episode was that if you allow the first bank to fail instead of bailing it out, then you'll set off a chain reaction where you'll be forced to bail out multiple banks instead of just ones and your economy will be left a smoking ruin as a result.
The 60 Minutes video linked in this thread doesn't mention cover identities for the individual FDIC employees, but does show that they're using a fictitious corporate identity for their reservations of meeting space (and possibly for a group booking of the hotel rooms). Keeping the FDIC involvement secret seems to be more important than keeping the individuals' identities secret.
I think that the behaviour you're describing is due to the Leidenfrost effect!

https://en.m.wikipedia.org/wiki/Leidenfrost_effect
>Hackers might breach OpenAI systems and leak its data.

I think you should be more worried about OpenAI themselves instead of "Hackers".
https://taskwarrior.org
Why is n earth did they buy 10 year bonds at historically low rates? I don’t understand why that seemed like a good idea.
It's so tiresome. I hate Go but you don't see me bringing it up every time someone mentions it. For some reason it's irresistible, I guess because they know the choir will like the sermon.
Pretty sure that is the case
I was with him until "[Musk's] axing of half the Twitter team since his takeover in October should provide inspiration to other tech bosses". While yes it is likely true that Google and other tech companies have excess staff, there is a right way to handle that situation so it doesn't adversely affect the business, and what Elon did is not it.

Twitter's problem was cash flow and avoiding getting margin called amid falling ad revenue, high expenses and interest payment obligations, all related to Elon's buyout. They needed to stop the bleeding, and fast. Large tech corps are meanwhile sitting on hundreds of billions of dollars in their bank account and posting profits of tens of billions every quarter. It would be idiotic to further disrupt their operations for no reason.

Should Google do more rounds of layoffs, kill employee morale, increase overwork and burnout, shut innovative businesses, send talent to competition and significantly weaken the company's long-term prospects, all for a few hundred million in payroll savings that will go towards stock buybacks? The sad part is that the activist investor class will reply with a resounding – yes.
Can't we just ask chatCPT to write the code to migrate to another provider for us?
>the implication is that they shouldn't have started their business at all

Instead of passing the buck, the takeaway is that Etsy could be punished for inappropriately managing customer funds held on behalf of sellers. I expect US law has avenues for sellers to seek adequate compensation for damages Etsy has caused, especially if the TOS didnt cover this outcome.
Man that must've been difficult. Great job on it!
A heap of parroted buzzwords is not very convincing.
These prompts become “key pillars” of the LLM’s “identity”. If you are curious you should at look about how much personality MS Sydney acquired through it’s own startup prompt.
VCs are like horses: easily spooked / slaves to the "sacred signals". Shouldn't surprise anyone how VCs reacted...but I think it is surprising that SVB failed. Unless you were really watching the numbers, as a few niche Twitter accounts, mostly unknown in these realms until yesterday, seem to have been. It's BS that the HN commentariat is all now Lasik Hindsight, "iT wAs ObViOUs": but this is what they are, have been and will be for every surprising thing--intellectual arrogance and inadequacy does not like being wrong. So it just pretends it wasn't. And gets mad at anything that reminds them.

Obviously not all you dear HN cuties are like this...but it's a large enough trend that it'd be misleading to say you can't clearly see it. I don't know why everyone is scared to just say: "I was wrong. I'll reflect and learn something." I mean...that's the only way anyone ever does, when they're wrong. If you just carpet over it, and forget, I mean...you're just shrinking your world. And one day your model of the world is so tiny...that all you can do is look back to the past, and say: "Those days were better." But they weren't. Cause those days set you up to fail, to head towards this inevitable present, like you did. A shrunken future. Where you're the only right thing in the world. But the real world's far away.

I think that kind of thinking is like an admission of deafeat / anathema to having a brain. But I get that everyone gets tired, and feels like they've seen it all before. And they don't want to stop, process, and integrate the new info into themselves / their lives because doing so...wouldn't be something you could just do in a 5 minutes and get on with your life. It would take time. Readjustment maybe. Reevaluation. Recalibration. It would be uncomfortable. You might have to give up some cherished beliefs. Some pet delusion. People fucking hate that. It's hard. But it's liberating.

It's the kind of thing that should be taught in schools. How to properly lose.
So then it sounds like they probably had 10-15 banks (entirely reasonable for them to be expected to open this many accounts at unique banks, given their business model) which is a far cry from the 1200 OP complained about.

If your entire business model revolves around moving multiple billions of dollars via an asset-backed stablecoin model, it's reasonable to expect you to have dozens of bank accounts, in at least 3 time zones, and likely more.

I don't know why people (not saying you specifically) seem to have this expectation any entity should be able to deposit billions of dollars risk-free at a single institution.

Ironically it's often the same people who can intuitively grasp why to hold your crypto across multiple wallets, who cannot fathom that infinite $ cannot be deposited at a single bank, without risk.

If you're leaving 7 to 9+ figures in a single account, then either buy custom insurance, or only do business with banks which offer excess insurance.
No their model has nothing to do with VC.
Maybe it would be useful if at least you read the definition on Wikipedia before trying to pass completely incorrect notions as truth?

https://en.m.wikipedia.org/wiki/Hedge_fund
Who is buying billions of dollars of USDC for $1 each and.. why are they doing this?

My understanding was that the entire point of a stablecoin was to smooth transactions between other crypto currencies, so most of the buying and selling of USDC was to convert between one coin and "USD" while still remaining in the crypto ecosystem.

The entire reason the peg can remain is because one company, Circle, is guaranteeing to purchase it for $1. If you want to cash out a small amount, sure you can go through a company like Coinbase but if you try to cash out billions then that will just force Coinbase to go to Circle in order to maintain their own liquidity.
I think the model only has pre-training on large text but not multi-task fine-tuning and RLHF. So it can be improved a lot.
I’m not sure the complex problems these tools were originally created for still exist. For example, do you really need to support old browsers? If not, you probably don’t need a transpiler anymore.
That meme is a great distillation of the cognitive bias at work here. USDC operates transparently so when there's a minor problem they admit it immediately and publicly, giving people something to overreact to. USDT is totally opaque and has outright lied in the past, so they keep saying everything is fine and people have no choice but to either trust them completely or don't touch crypto.
That doesn't sound like bad advice from him
Except in this case you want more “dependencies.” Not only to reduce risk but to maximize FDIC insurance.
I don't think antagonistic data obfuscation is the primary problem to be solved since, as you noted, it's extremely hard and not valid in most circumstances. Antagonism should be filtered out at the client selection stage, most clients have no incentive to pierce the veil and it's relatively easy to vet and make sure that a client has no benefit in deanonymization.

What obfuscation mainly does is remove the PII that neither side wants to handle before the data gets transferred over so the data is "safe" and the receiver of the data no longer has the burden of stewardship over PII.

Contrary to a lot of handwringing on the internet, almost everyone that handles your data couldn't care less about you as a person. Their overwhelming interest in you is as a bag of attributes that they can statistically correlate with other bags of attributes. It's a relief for them if they can scrub all the PII from their databases while retaining all of the other bag of attribute qualities that they care about. Of course, the few entities that do care about deanonymization are the ones that make this entire process so difficult.
> If banks are rescued from this, the only logical conclusion is that all banks should just cease to exist. Why should they get to play with what is effectively taxpayer's money, since that is where the risk will be paid from if they lose?

How it usually works is, when a bank fails and is "rescued", the shareholders (owners) who "get to play" with the money get nothing. The ones who are "rescued" are usually some/most of the debt holders. Letting debt holders also shoulder some of the costs is worth considering, but the authorities generally believe it's too risky (the risk being a huge amount of debt holders pulling their money and/or demanding much higher interests which raises general borrowing costs).
Agreed, sounds sketchy. What does it even mean to throttle wire transfers if they’re just queueing them up for Monday?
Because the rate in long term bonds was 1.x% compared to 0% for the short term bonds.

It was a risky move but one that could have panned out if the deposits had remained.
I've had much success with it when I designed a program from the ground up to do unittests, i.e. the Warp C preprocessor program:

https://github.com/DigitalMars/dmpp

Once it was all put together, nearly all the bugs were misunderstandings on my part, rather than detail bugs.
I think FRB might be fine but the VCs are trying to start a run to force the fed to get involved in a bigger way at SVB (e.g. backstop guarantee or a bailout). I saw two very very prominent VCs both quote retweeted this tweet and added scare to it… both within 3 minutes of each other.

Total and complete speculation but just a thought.
It helps that the FDIC runs more like a federally chartered insurance company than a federal agency
I didn't say there were good options for people wanting to deposit more than 250K. But people claiming that those who wound up in this situation couldn't possibly have foreseen the problems are mistaken. There's a reason why I don't put all of my money in a single bank account, why can't these companies do the same?

But really, this is obscuring the point. The people screaming "bailout" aren't the unfortunate people who work for a company who uses Rippling. No it's the person who normally yells "free market!".
If there's only one back that's willing to fund your venture, maybe you want to do further due diligence on why they'd be willing to go against the odds. Is it really "they believe in what you're trying to do" or is it they are so much less risk averse that maybe they're playing a little loose and fast in other areas that might also be a signal?

The more I keep reading about SVB, the more cultish it sounds.
Product pages? No. Search page? Eh… maybe. Checkout page? Probably.
If people stop trusting banks, a lot of friction gets added to the financial system. People stop worrying about creating value and start worrying about storing value.

Short term, people will consider taking out their deposits, which might trigger more bankruns. That might truly ruin our financial system and drop us into a recession.
It really doesn’t matter for this discussion, because society and laws are structured as if people have free will. An AI has to live up to that as well.
Hmm, maybe that 8-K they filed yesterday was a tad optimistic

https://news.ycombinator.com/item?id=35104326
As a dark matter developer, I learnt it as:

Make it work

Make it right

Make it fast

My interpretation of this, so far, "make it right", is to make the code and design cleaner and refactor.

Then "make it fast" came into the play, iff, there was enough push.
> I’m an immigrant from a country that exists because it split off from another country due to cultural differences

Dude, stop bringing up Bangladesh as context for anything and everything. What you are calling "cultural differences" in 1971, was simply called genocide because of racism by everyone else.

But you are going for the racism and genocide is A-ok, as it's just an expression of "cultural differences". You can continue with your word play in your replies again.
Those who have no power are doomed to repeat the past when those in power ignore history
But surely there's a high chance of rates rising and your collateral falling in value over a ten year duration?

It seems like madness to leave yourself totally exposed to a situation like this. Rates rise, your investments fall and your depositors want their money back doesn't sound beyond the realms of the imagination.
How many apps are really big and complicated? I think that is OP’s point. 99% of sites and apps are not big and not really complicated.
Hmmm, lots of people disputing it on there.

Not to say it isn't necessarily untrue, but some guy on twitter saying "my friend says so" isn't very convincing. Bigly if true though!
Gambling addicts, professionals, MMA fighters display a high speed of thought in speech unless they are compromised or damaged.
I'm I just so out of touch with pronouns that referring to SVB as he sounds odd?
The first comment outlines issues seen inside their filing.
He is the laptop class, just richer and more useless.

You think that guy builds anything with his hands?

He's even more removed from anything useful being done, he's not even the one doing stuff on a screen, he uses his screen to tell other people to do stuff on their screens.

Real rich having that complaint come from him of all people
Ask HN: Is TikTok rigged to show pro-chinese content?
I've installed TikTok for the first time on my iPhone. Besides being shown lots of "funny" shorts, i've noticed a heavy bias towards political content mixed with funny shorts which is usually pro russian (supportive of putin), xenophobic (supportive of far-right parties) or pro police. Since there is no way the content algorithm could have derived the decision to show me these political shorts on some kind of profile tracking (i don't search for these kind of topics on the internet nor do they fit my own political views) i'm left wondering if the TikTok algorithm is rigged to influence the political view of its mostly young user base to align with Chinese foreign interests. Are you aware of any studies done in this regard?
100% agree with you.

Sweep accounts or possibly some form of private insurance?
Have you tried Vue? I work for a huge company (nearly 100,000 employees). We tested both React and Vue and settled on Vue. That was years ago, but we’ve had no regrets since.
Real boot-licker vibes.

Cops can quit and do something else at any time. It's not an identity or protected class aside from qualified immunity.

ACAB.
> Will demand reach 1TB of RAM for a consumer level computer/mobile device? No.

Speculative Sampling allows to run a smaller model locally and only check up with a larger model in the cloud from time to time, once every few tokens.
Exactly. SVB has ceased to exist. The bank is not being bailed out. The depositors are. You know, the normal people who’s only error keeping money in a bank.
> Scary how fragile our financial systems can be in the face of herd mentality and irrational behavior.

Ironically, that response is the herd mentality and irrational.

Depositor funds aren't fragile: They receive 100% of $250K, and a substantial amount of other funds.

The financial system isn't fragile at all: There is no systemic impact.
Would like to see any confirmation or reputable reporting on this!
According to folk like this: yes. It does sadly look like fuchsia seems to have been a victim of google's culling of talented engineers :-/ (disclosure: I did work on fuchsia briefly and the engineers working on it were all incredibly talented and very hard working)

Anything that isn't immediately profitable is fake work, anything that fails to work out means that it was also fake work.
Thomas Merton: The Writing Life and the Contemplative Life
I hope so because it’s shameful that they’re wasting all that work on vaporware. You ask people here and you get glares and condescending reminders that “Operating systems take a lot of time to develop, okay?”. Android took five years or less to develop. We’re going on seven years for Fuchsia at the very least, likely more. There’s just no excuse to have wasted all that engineering talent on nothing. They might as well be Aperture Science.
Instant? Most React sites I’ve visited feel anything but instant.
Yes such useful and constructive new ways organize Ponzi schemes. Andreessen is a member of the laptop class himself, just one of the most grating ones. Seems to think telling other people to build makes him a builder. YIMBY in his tweets, NIMBY in his streets.
Take a look at my other comment in this thread. These weren't mom and pop investors, these were institutional investors that should have known better than to invest in a bank with such a portfolio mismatch. If they didn't they should have hired financial advisors and lawyers to investigate the bank. I have zero sympathy with someone with $100 million dollars who loses it because they weren't willing to hire a financial advisor to look into what they're putting their money into. That's saving a penny losing $100 million.
The numbers I have seen put SVB at 56% exposed to long term bonds, vs closer to 20% at other banks. Is there another type of exposure I am missing?
It's not even worth speculating on that at this point, the sources are so poor.

They're citing "their friend" and posting other stuff from the daily mail. Like... No.
This is completely false and, to borrow from Matt Levine, definitely securities fraud.

This is crypto Twitter excited to find some reason to justify digital assets as an alternative store of value, and then trying to bolster it by causing panic at another bank.

Either that, or as another poster said, forcing the hand of the Fed to bail out SVB.
Hey. I'm looking for r/productivity and r/crossfit and any problems around "checklist". Is that a possibility?
You get this issue without position embeddings. Attention computes an inner product between each pair of input tokens, so N^2 x E. Squares grow really fast.
If aliens came to earth I wonder if they'd truly see much difference in value creation between dollars stored in a private bank and dollars stored in a pile of cash. Either way the same non-financial goods and services are on the market.