If the model in question has a token embedding length of 1024, even if it was a 1 bit quantization, each token has 2^1024 possible values.
If the context length is 32,000 tokens, there are 32,000^2^1024 possible inputs.
56 karma · joined March 15, 2023
If the model in question has a token embedding length of 1024, even if it was a 1 bit quantization, each token has 2^1024 possible values.
If the context length is 32,000 tokens, there are 32,000^2^1024 possible inputs.
If you need to involve the FED (which you don't as per how I described) then the FED creates the money, not the banks. This invalidates your entire premise.
As of 2020 in the US the reserve rate is 0%: https://www.federalreserve.gov/monetarypolicy/reservereq.htm
You are not describing the bank "creating" money, which they actually do as per how I described. You are describing the bank borrowing money.
If banks can loan more than they have by say borrowing the money at a lower rate than they lend it, that invalidates your basic premise of banks creating money. They wouldn't have created it, they would have borrowed it.
Yes, banks do "create" money. No, it is not out of thin air. It absolutely does come from deposits.
An example of how banks "create" money, is person A has $100. A deposits it. The bank lends that $100 to B. Now B has $100, but A also still thinks they have $100, even though they just have a number on a piece of paper.
They system goes from acting as if $100 exists, to acting as if $200 exists, but really there is only $100, and an IOU for $100.
That is what bank money "creation" is. It is not from thin air.
People get confused because "money", as in fiat currency, is also a Government IOU. But the above principle is true for gold, bitcoin, or any asset, and they wouldn't get mixed up the same way thinking banks create gold out of thin air.
It is a starkly different thing than how the Government creates money.