If businesses lose money on deposit, then every business in the country will move all cash above $250K into Treasuries and we’ll have a system-wide bank run at Twitter speed.
They’ll tell their banker, “the only counterparty I want is the US Treasury.”
In the wake of a failure like the SVB collapse, diversifying your funds can help to protect your assets and ensure that your investments are not overly concentrated in any one particular asset or institution. This can reduce the risk of losing a large portion of your portfolio due to the failure of a single investment or financial institution.
training the GPT-3 175B model required 3.2 million core hours spread across 285,000 processor cores over several months. It is projected that the overall cost of training the model will be roughly $4.6 million.