2026-05-15 10:31:08
Sources: HSG, formerly Sequoia China, has set up a $3B continuation fund anchored by its ByteDance stake, offering entry into the company valued at $370B (Bloomberg)
https://www.bloomberg.com/news/articles/2026-05-15/bytedance…
Sources: HSG, formerly Sequoia China, has set up a $3B continuation fund anchored by its ByteDance stake, offering entry into the company valued at $370B (Bloomberg)
https://www.bloomberg.com/news/articles/2026-05-15/bytedance…
VirtualSet: Typed Ontology Worlds as an LLM Generation Target for Grounded Queries and Guarded Decisions
Qunhui Zhang
https://arxiv.org/abs/2607.18821 https://arxiv.org/pdf/2607.18821 https://arxiv.org/html/2607.18821
arXiv:2607.18821v1 Announce Type: new
Abstract: Large language models increasingly read and act on enterprise data, but SQL gives a late error signal: hallucinated fields or relations can execute and return plausible wrong answers, while incorrect writes cannot be safely assessed after execution. We present VirtualSet, a live, receiver-typed ontology-world interface and generation target for LLMs. Instead of SQL, the model emits set expressions over entity-edge worlds. Generic Constraint Projection (GCP) checks expressions before execution, while future this preserves concrete receiver types through collection chains, turning invalid fields, edges, receivers, and actions into token-anchored type errors. Type-clean reads use a SQL fast path or bounded stream interpretation, with a parity oracle checking both paths over the exercised operator space. The same substrate supports guarded decisions: actions run first in a simulated world, and world-change events require external approval before actualization. On BIRD, we lift relational schemas into typed worlds and compare VirtualSet with direct SQL while holding the model, evidence, values, zero-shot setting, timeout, glossary, repair/voting, and grader constant where possible. On a frozen 1,072-question split, VirtualSet achieves 67.5% accuracy versus 63.5% for glossary-matched direct SQL with repair and voting ( 4.0 points; McNemar exact p = 0.00117) using deepseek-reasoner. Full-corpus analysis finds no engine mis-computation of a type-clean expression; remaining errors arise from model semantics or gold defects. In a 30-body guard corpus, the write chain intercepts 20/20 hallucinated action bodies with zero false positives. VirtualSet thus remains competitive on SQL's home benchmark while providing pre-execution semantics for guarded decisions.
toXiv_bot_toot
The reporting of Hannah Natanson, whose home was searched in connection with a federal leak probe, anchored WaPo's winning entry for the public service Pulitzer (Erik Wemple/New York Times)
https://www.nytimes.com/2026/05/05/business/media/…
Sonnet 137 - CXXXVII
Thou blind fool, Love, what dost thou to mine eyes,
That they behold, and see not what they see?
They know what beauty is, see where it lies,
Yet what the best is take the worst to be.
If eyes, corrupt by over-partial looks,
Be anchored in the bay where all men ride,
Why of eyes' falsehood hast thou forged hooks,
Whereto the judgment of my heart is tied?
Why should my heart think that a several plot,
Which m…
Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity
Jan Novotny
https://arxiv.org/abs/2607.16970 https://arxiv.org/pdf/2607.16970 https://arxiv.org/html/2607.16970
arXiv:2607.16970v1 Announce Type: new
Abstract: An order-book market whose liquidity provision is anchored to a fundamental value carries a restoring force: the price mean-reverts to value and the book refills after a shock. We show this restoring force is a robust intrinsic stabiliser and identify it causally-dialling the anchor down removes the mean-reversion, and a leverage-driven fire-sale then self-sustains. Separately, we ask whether a stressed market transmits its liquidity stress to a coupled calmer one, and find that it cannot: across six transmission channels of increasing strength-cross-market herding, arbitrage flow, and market-maker withdrawal up to a funding-constrained population fire-sale and a leverage spiral-the receiver's stress is independent of whether its neighbour is stressed, at every anchor strength. Market-maker withdrawal thins the receiving book but does not ignite it. Our order parameter throughout is the one-sidedness of the book-liquidity stress rather than a directional price crash-so a liquidity crisis here means the sustained one-sidedness a failing anchor produces. A liquidity crisis in this model is a failure of fundamental anchoring, not of market making.
toXiv_bot_toot
Despite its rise as an economic superpower,
China remains reliant on a global financial system anchored by the dollar.
Turning the renminbi into a globally accepted currency would let Beijing conduct more trade on its own terms and blunt a longstanding source of American leverage.
That push has gained momentum from the wars in Ukraine and Iran,
as sanctions drive American adversaries toward the renminbi to bypass the Western financial system.
In effect, China’…
I have had the good fortune to live in many places where ceiling fans are ordinary: Bangladesh, Hawaii, Nepal... As devices, they are fiddly - they need to be well anchored, as they are usually heavy and can wobble out of their fixings if not balanced and well attached..
That explains why I lifted the carpet and floorboards in my bedroom today, to put in a stud between two joists and wire up a junction box where a wee light fixture had been on the ceiling below. I was carefully install…
How do we help people connect with art in meaningful ways?
This summer, we’ve been hosting a series of workshops anchored by Julie Green’s “The Last Supper” (on loan from Crystal Bridges Museum of American Art), an installation on view here through August 16. Through these workshops, which are supported by a learning and engagement grant from Art Bridges Foundation, the museum has provided a space for conversation around justice, ritual and empathy.
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Sonnet 137 - CXXXVII
Thou blind fool, Love, what dost thou to mine eyes,
That they behold, and see not what they see?
They know what beauty is, see where it lies,
Yet what the best is take the worst to be.
If eyes, corrupt by over-partial looks,
Be anchored in the bay where all men ride,
Why of eyes' falsehood hast thou forged hooks,
Whereto the judgment of my heart is tied?
Why should my heart think that a several plot,
Which m…
South Korean government data: the country's exports grew 70.9% YoY in June to $102.25B, an all-time monthly high, anchored by a record $44.82B in chip shipments (Steven Borowiec/Nikkei Asia)
https://asia.nikkei.com/economy/south-korean-expo…