948 karma · joined August 23, 2010
Thus, people think they have applied full brakes but in reality they are only 60-70% of the way there.
Agree that the market might change its mind quickly, especially if estimated recoveries are projected to be high or the depositors completely made whole.
They appear out of thin air with no history and millions of dollars. They then constantly burn money in the tens to hundreds of thousands of dollars a month until they disappear or get injected with millions more dollars. Often, traditional banks don't know how to deal with these entities and it sets off tons of alarms in their fraud and risk management departments.
SVB and related departments know the business and financial models of startups a lot better and are more willing to help.
In 24 hours it consumes about the same amount of energy (2.5kW * 24h = 60 kWh) as charging a Model 3 LR's battery from 0 to 75%. So definitely more than heating up two dozen gallons of water even to boiling temperature (8 kWh), but still within the realm of household consumption with EVs.
So we are using 256 cores and 1.5 TB of RAM, so probably about 7.5 kW or so. Over 5 months, the compute would have used 27 MWh, so about the energy content of ~750 gallons of gas.
The storage will obviously use more energy (I don't know if they are using spinning disks or SSDs), but I think ~50-100 MWh for the entire computation is a reasonable estimate.
If a less prestigious company with worse compensation tries the same thing, then they will quickly discover they can’t hire anyone. It will be self-correcting.
Looking at a sample paper (https://medium.com/@yujia_jo/2016-jiangsu-gaokao-national-hi...), it seems like the examination really tests for the ability to do math and problem solve under fairly heavy time pressure (150 minutes total for all questions if you are in the science stream).
(1) Being surrounded by other hard-working students pushes you to do better and exposes you to more advanced classes and research early on (a majority of my friends in CS started taking graduate courses by their sophomore year and did undergraduate research at least for a summer in one of research labs on campus).
(2) Recruiting/Ability to get interviews. It isn't a problem in getting interviews for software engineering internships/full-time positions if you have MIT, Stanford or Berkeley on your resume.
WhatsApp and Instagram are much stronger brands, and are not already branded "Facebook WhatsApp" or "WhatsApp by Facebook".
There is an introductory PDF presentation from Zeiss about their product for EUVs: https://www.euvlitho.com/2019/P24.pdf
[1]: https://www.nhtsa.gov/staticfiles/administration/pdf/Value_o...
In any case, Cloud Spanner provides strong consistency in multi-region deployments.