Hacker News Daily

Jane Street banned by Indian regulator after $566M Nifty 50 manipulation crackdown


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Why I Don’t Think AGI Is Right Around the Corner
  • Continual learning is the primary bottleneck; current LLMs lack human-like adaptive learning and improvement from feedback.
  • Without continual learning, AI’s automation of complex white-collar work is capped below 25% in the near term.
  • Sophisticated AI agents handling tasks like taxes face steep computational and data challenges.
  • Emerging models (e.g., Claude Code, Gemini 2.5) show early reasoning abilities indicating initial steps toward AGI.
  • Patel projects small business tax automation by around 2028 and human-level on-the-job AI learning by about 2032, contingent on breakthroughs in adaptive learning.
  • Long-term progress depends more on algorithmic innovation than scaling compute alone.
  • Nobody Has A Personality Anymore: We Are Products With Labels
    • Society increasingly interprets personality traits via mental health diagnoses rather than unique human qualities.
    • Common behaviors (e.g., tardiness, shyness) are reframed as clinical symptoms like ADHD or autism.
    • This trend risks eroding individuality, romanticism, and acceptance of normal human complexity.
    • Mental health identity is particularly salient among younger generations, e.g., 72% of Gen Z girls view challenges as core identity components.
    • The article calls for embracing unknowable human aspects and resisting self-reduction to diagnostic labels.
    • Jane Street barred from Indian markets over alleged Nifty 50 manipulation
      • India’s SEBI froze $566 million from Jane Street amid accusations of deliberately manipulating the Nifty 50 index using complex trades in banking sector stocks, futures, and options.
      • Tactics allegedly involved inflating stock positions early, then shorting the index later to profit on options, causing market distortions.
      • SEBI described the trades as lacking economic rationale beyond manipulation, continuing despite prior warnings.
      • This enforcement highlights challenges in regulating foreign algorithmic traders in emerging derivatives markets with large retail participants.
      • The case fuels debate on the boundary between aggressive market making, arbitrage, and manipulation.
      • applegenerativemodelsafetydecrypted: Inside Apple’s AI safety filters
        • The article documents decrypted Apple generative model safety files used to filter content in on-device AI.
        • It covers methods to extract Apple’s encryption key via Xcode LLDB debugging and decrypt JSON-based safety overrides.
        • Filters include exact phrase rejects, replacements, removals, and regex patterns blocking offensive or harmful outputs.
        • Apple’s layered filter architecture enforces strict content moderation aligned with corporate safety policies.
        • The article appeals to technically adept readers interested in AI safety engineering and reverse engineering corporate AI controls.
        • “The AI-flooding of Show HN is real”
          • Analysis of Hacker News Show HN data reveals that by 2025, over 20% of posts mention AI or GPT, rising sharply since 2023.
          • Despite volume, AI posts receive fewer votes and comments, suggesting less community engagement or interest.
          • The influx is described as disruptive to the original intent of Show HN as a platform for passion projects and hard work.
          • The author refrains from anti-AI rhetoric, focusing instead on a data-driven critique of community content quality and culture shift.
          • SQL queries and BigQuery analysis support the findings, inviting nuanced discussion about AI’s impact on developer communities.
          • ...more
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            Hacker News DailyBy The Podcast Collective - Ai Podcasts