EmbeddingGemma 2: an open, lightweight multimodal embedding model
deepmind.google·6d ago
AI Engineering
Hacker News·Jul 30·5 min read
Carolina Cloud pays SOFR on unused prepaid credits
TL;DR
Carolina Cloud now pays interest on unused prepaid credits at a rate tied to the Secured Overnight Financing Rate (SOFR), compounding daily. This allows organizations to earn interest on their idle funds, enhancing the value of their prepaid balances.
✦ Why It Matters
Consider increasing your prepaid balance to maximize interest earnings on idle funds.
Key Takeaways
- Monitor your prepaid balance to earn interest automatically.
- Understand that only purchased prepaid credits earn interest.
- Check the My Organization page for interest details.
- Consider topping up your balance to increase daily interest.
How It Works
Interest is calculated daily using the formula: balance × (annual rate ÷ 100) × (1 ÷ 360). This method ensures that interest compounds daily, increasing the effective annual yield slightly above the headline rate.