He did not steal anything. He beat the fund (Indexed Finance) at their own game.
He has not stolen anybody's password, has not modified DeFI code - simply executed a set of financial transactions according to the rules (expressed as DeFI smart contracts) and profited from it.
Indexed Finance is an unlicensed investment firm. The promoters knew the risk ( decentralized finance) and now they want to blame someone who outsmarted them at their own game.
Layoffs are a difficult thing for employees and their managers. I have seen people (one was a VP of Engineering) escorted out of the building, sent in a cab to home along with a security guard (this was in India), not allowed access to computer or talk with other employees.
But, recently have had a very different experience. The current company I work for announced 30% layoffs. The list was made public within one hour of announcement. The CEO detailed the process of selecting people. The severance was very generous (3-6 months pay) along with health and other benefits. The impacted employees were allowed to keep the laptop and any other assets they took from the company. They even paid the same severance to contractors.
After the announcement, the laid off employees were given a few days in the company to allow them to say good byes. I love the CEOs comment on this ' I trusted them yesterday, I trust them today'. This was by far the kindest way of laying off employees imo. People were treated with dignity and respect.
There is a certain amount of irony that people try really hard to say that hallucinations are not a big problem anymore and then a company that would benefit from that narrative gets directly hurt by it.
Which of course they are going to try to brush it all away. Better than admitting that this problem very much still exists and isn’t going away anytime soon.
For any given thing or category of thing, a tiny minority of the human population will be enthusiasts of that thing, but those enthusiasts will have an outsize effect in determining everyone else's taste for that thing. For example, very few people have any real interest in driving a car at 200 MPH, but Ferraris, Lamborghinis and Porsches are widely understood as desirable cars, because the people who are into cars like those marques.
If you're designing a consumer-oriented web service like Netflix or Spotify or Instagram, you will probably add in some user analytics service, and use the insights from that analysis to inform future development. However, that analysis will aggregate its results over all your users, and won't pick out the enthusiasts, who will shape discourse and public opinion about your service. Consequently, your results will be dominated by people who don't really have an opinion, and just take whatever they're given.
Think about web browsers. The first popular browser was Netscape Navigator; then, Internet Explorer came onto the scene. Mozilla Firefox clawed back a fair chunk of market share, and then Google Chrome came along and ate everyone's lunch. In all of these changes, most of the userbase didn't really care what browser they were using: the change was driven by enthusiasts recommending the latest and greatest to their less-technically-inclined friends and family.
So if you develop your product by following your analytics, you'll inevitably converge on something that just shoves content into the faces of an indiscriminating userbase, because that's what the median user of any given service wants. (This isn't to say that most people are tasteless blobs; I think everyone is a connoisseur of something, it's just that for any given individual, that something probably isn't your product.) But who knows - maybe that really is the most profitable way to run a tech business.
Oddly, I thought this discussion would be about actual toddlers.
There is a way to win an argument with a toddler. You find out what's bothering them, usually something emotional, and you validate it. "Yes! It's fun to stay up late! Yes! You don't want to eat your vegetables!" Once they feel heard, you've got a shot at getting them to do what you want.
That's a good way to win an argument with a non-toddler as well. Acknowledge that what they want is legitimate (if it is). Concede points of agreement. Talk about shared goals. Only then talk about a different path to the solution.
I did some digging and the hacker posted which exploit he used.
Apparently some boards allowed uploading PDF files, but the site never checked if the PDF file was an actual PDF file. Once a PDF file was uploaded it was passed to a version of Ghostscript from 2012 which would generate a thumbnail. So the attacker found an exploit where uploading a PDF with the right PostScript commands could give the attacker shell access.
Adobe runs what must be one of the largest deceptive rebills. The vast majority of users signing up for a monthly plan do not realize that it is actually an "annual plan, billed monthly" and thus that if they cancel after one month (for example) they'll be billed for the remaining 11 immediately. I honestly don't know how they haven't faced FTC action for this, as it's been their primary model for 5-10 years now.
> I wonder what level of compartmentalisation inside DHS means they didn't see this as having sufficient downsides?
This was not a carefully-weighed decision based on a cost-benefit analysis. This was a political order, consistent with the administration's policy of "cut everything, recklessly, indiscriminately."
A long, long time ago (within the past ten years), I had to verify my age with a site. They didn't ask for my ID, or my facial scan, but instead asked for my credit card number. They issued a refund to the card of a few cents, and I had to tell them (within 24hr) how much the refund was for, after which point they'd issue a charge to claw it back. They made it clear that debit and gift cards would not be accepted, it must be a credit card. So I grabbed my Visa card, punched in the numbers, checked my banking app to see the +$0.24 refund, entered the value, got validated, and had another -$0.24 charge to claw it back.
Voila, I was verified as an adult, because I could prove I had a credit card.
The whole point of mandating facial recognition or ID checks isn't to make sure you're an adult, but to keep records of who is consuming those services and tie their identities back to specific profiles. Providers can swear up and down they don't retain that information, but they often use third-parties who may or may not abide by those same requests, especially if the Gov comes knocking with a secret warrant or subpoena.
Biometric validation is surveillance, plain and simple.
As an Ex-OpenAI employee I agree with this. Most of the top ML talent at OpenAI already have left to either do their own thing or join other startups. A few are still there but I doubt if they'll be around in a year. The main successful product from OpenAI is the ChatGPT app, but there's a limit on how much you can charge people for subscription fees. I think soon people expect this service to be provided for free and ads would become the main option to make money out of chatbots. The whole time that I was at OpenAI until now GOOG has been the only individual stock that I've been holding. Despite the threat to their search business I think they'll bounce back because they have a lot of cards to play. OpenAI is an annoyance for Google, because they are willing to burn money to get users. Google can't as easily burn money, since they already have billions of users, but also they are a public company and have to answer to investors. But I doubt if OpenAI investors would sign up to give more money to be burned in a year. Google just needs to ease off on the red tape and make their innovations available to users as fast as they can. (And don't let me get started with Sam Altman.)
Google making Gemini 2.5 Pro (Experimental) free was a big deal. I haven't tried the more expensive OpenAI models so I can't even compare, only to the free models I have used of theirs in the past.
Gemini 2.5 Pro is so much of a step up (IME) that I've become sold on Google's models in general. It not only is smarter than me on most of the subjects I engage with it, it also isn't completely obsequious. The model pushes back on me rather than contorting itself to find a way to agree.
100% of my casual AI usage is now in Gemini and I look forward to asking it questions on deep topics because it consistently provides me with insight. I am building new tools with the mind to optimize my usage to increase it's value to me.
Hey! I did this too - CenturyLink wanted an insane amount of money to bring fiber to our place, now we service hundreds and we're growing into a major contender in Boulder County - https://ayva.network
America's arrested rather a large number of people in recent weeks—university students, mostly—for expressing viewpoints on the I/P conflict. The current Administration is claiming, and no one's yet stopped them, that First Amendment rights don't apply to non-citizens such as international students.
- "You’re not arrested for posting this"
For what it's worth, it's widely reported that ICE is trawling social media to find targets (targeted for their speech/viewpoints). HN itself is one of their known targets.
This part is really damning: a real efficiency audit might need a lot of access to look for signs of hidden activity, but they’d never need to hide traces of what they did:
> Meanwhile, according to the disclosure and records of internal communications, members of the DOGE team asked that their activities not be logged on the system and then appeared to try to cover their tracks behind them, turning off monitoring tools and manually deleting records of their access — evasive behavior that several cybersecurity experts interviewed by NPR compared to what criminal or state-sponsored hackers might do.
The subsequent message about Russian activity could be a coincidence–Internet background noise-but given how these are not very technically skilled and are moving very fast in systems they don’t understand, I’d be completely unsurprised to learn that they unintentionally left something exposed or that one of them has been compromised.
I've skimmed through the comments; and seen that most people have commented on the cog in the machine thing, or on layoffs in general and how they suck.
To me, the shock from this blog post was about seeing a Chrome developer relations engineer whom I have grown to admire and who has been doing a stellar job educating web developers on new html and css features, get the sack. He was one of the best remaining speakers on web topics at the Chrome team (I am still sad about the departure of Paul Lewis and Jake Archibald); and produced a lot of top-notch educational materials (the CSS podcast; the conference talks; the demos).
What does this say about Google's attitude to web and to Chrome? What does this say about Google's commitment to developer excellence?
I understand that this is a personal tragedy for Adam; but for me personally, this is also a huge disillusionment in Google.
We never stopped manufacturing, we just stopped employing people.
> We don’t have the infrastructure to manufacture
That's trivially false given we're the second-largest manufacturer in the world. We just don't want to employ people, hence why we can't make an iphone or refine raw materials.
The actual issue is that our business culture is antithetical to a healthy society. The idea of employing Americans is anti-business—there's no willingness to invest, or to train, or to support an employee seen as waste. Until business can find some sort of reason to care about the state of the country, this will continue.
Of course, the government could weigh in, could incentivize, could subsidize, could propagandize, etc, to encourage us to actually build domestic industries. But that would be a titantic course reversal that would take decades of cultural change.
This is Senator Chris Murphy explaining it’s not economic policy, it’s an attempt to blackmail corporations into submission by making a deal with him in return for sanctions relief.
Keep an eye out for what Apple and nvidia might have agreed to give.
Google is winning on every front except... marketing (Google has a chatbot?), trust (who knew the founding fathers were so diverse?), safety (where's the 2.5 Pro model card?), market share (fully one in ten internet users on the planet are weekly ChatGPT users), and, well, vibes (who's rooting for big G, exactly?).
But I will admit, Gemini Pro 2.5 is a legit good model. So, hats off for that.
This kind of news should be a death-knell for OpenAI.
If you've built your value on promising imminent AGI then this sort of thing is purely a distraction, and you wouldn't even be considering it... unless you knew you weren't about to shortly offer AGI.
Authoritarian governments are arbitrary governments, all decisions are made arbitrarily. Consistency is unnecessary. That's the trouble with choosing power as a guiding principle over reason or consent.
So when the government pointed to the disproportionate support for Palestine on TikTok vs Instagram, it was actually because Instagram was suppressing it. It is ironic.
As a ChatGPT user, I'm weirdly happy that it's not available there yet. I already have to make a conscious choice between
- 4o (can search the web, use Canvas, evaluate Python server-side, generate images, but has no chain of thought)
- o3-mini (web search, CoT, canvas, but no image generation)
- o1 (CoT, maybe better than o3, but no canvas or web search and also no images)
- Deep Research (very powerful, but I have only 10 attempts per month, so I end up using roughly zero)
- 4.5 (better in creative writing, and probably warmer sound thanks to being vinyl based and using analog tube amplifiers, but slower and request limited, and I don't even know which of the other features it supports)
- 4o "with scheduled tasks" (why on earth is that a model and not a tool that the other models can use!?)
Even by the standards of this administration...... yikes:
Meanwhile, his attempts to raise concerns internally within the NLRB preceded someone "physically taping a threatening note" to his door that included sensitive personal information and overhead photos of him walking his dog that appeared to be taken with a drone, according to a cover letter attached to his disclosure filed by his attorney, Andrew Bakaj of the nonprofit Whistleblower Aid.
Consultants are misused if employed on a constant basis instead of employing enough senior staff directly. There are well known drivers on both sides that tend to promote such an unhealthy setup. What is concerning at the US government is not cutting consulting but at the same time cutting staff and on top creating a hostile environment for senior staff. This is unprecedented and is not something one would do in the private sector except the most dire circumstances.
He has not stolen anybody's password, has not modified DeFI code - simply executed a set of financial transactions according to the rules (expressed as DeFI smart contracts) and profited from it.
Indexed Finance is an unlicensed investment firm. The promoters knew the risk ( decentralized finance) and now they want to blame someone who outsmarted them at their own game.