7. Anthropic - Applied AI Architect（Startups 团队） - 角色: 帮助创业公司构建 Claude 应用的技术架构师 - 要求: 有 LLM 应用开发经验，能与创始人对话 - 中国讨论度: 低 - 🔗 8. Stripe - Staff Full Stack Engineer - 角色: 创业公司级别的早期员工，设定技术方向 - 薪资: 高端（未公开具体数字） - 中国讨论度: 低 - 🔗 --- 校招/实习信息差 9. Cloudflare - 2026 年招聘 1,111 名实习生 - 背景: 从原来 60 人项目暴增至 1,111 人 - 目标: "培养下一代技术领袖" - 中国讨论度: 低 - 🔗 10. - 2026 校招（New Grads） - 岗位: 计算机视觉 / 算法工程师 - 地点: San Jose, CA - 公司: 自动驾驶上市公司 - 中国讨论度: 低 - 🔗 11. Databricks - 2026 New Grad + 实习 - 岗位: 多个 AI/ML 研究、工程岗位 - 地点: SF / NYC / Mountain View / Berlin / Amsterdam / Bengaluru - 中国讨论度: 低 - 🔗 12. IBM - 2026 年校招扩招 3 倍 - 背景: IBM 人力资源官表示将"重写每一个岗位" - 原因: AI 能做入门级工作，但需要能驾驭 AI 的新人 - 中国讨论度: 极低 - 🔗 13. Google DeepMind - Student Researcher Program - 项目: 付费研究实习，覆盖 BS/MS/PhD - 团队: DeepMind / Google Research / 其他 AI 团队 - 中国讨论度: 低 - 🔗

和Quant Alex @StochAlex07 讨论： SABR Theta与Spot Theta+Vol Theta+Cross Theta的异同与应用，以及SABR模型自洽性分析。 **English Summary of the Chat** **SABR Theta vs Spot Theta + Vol Theta + Cross Theta** The conversation between **Alex Wu** (white bubbles) and **Jeff Liang** (green bubbles) is a technical discussion focused on **SABR Theta versus Total Theta** (i.e., Spot Theta + Cross Theta + Vol Theta), model self-consistency, PDE residual, and the correct definition of SABR Greeks. ### Key Points Discussed: 1. **SABR Gamma = Spot Gamma** (first major question, raised by Jeff) Jeff asked whether SABR Gamma (\(\partial^2 P / \partial F^2\)) is identical to Spot Gamma and whether it includes the dependence of \(\sigma_B\) on \(F\). He also provided the full chain-rule expansion of SABR Gamma in terms of Black-76 Greeks. Alex confirmed the understanding and **later affirmed in code** that this is exactly how SABR Gamma is implemented in their system. 2. **SABR Theta vs Total Theta and Model Self-Consistency** (main topic, led by Jeff) Jeff shared a clear 3-point understanding: - SABR Theta is computed directly via the SABR approximation formula to obtain \(\sigma_B\), then applying the Black-76 chain rule: \(\partial P/\partial t =\) BS_Theta(\(\sigma_B\)) + BS_Vega \(\cdot \partial\sigma_B/\partial t\). - Total Theta is the exact decomposition from the SABR PDE (Spot Theta + Cross Theta + Vol Theta). - When the model is **fully self-consistent** (Residual = \(\partial P/\partial t + \mathcal{L}P = 0\)), SABR Theta = Total Theta; otherwise the difference is the unexplained PnL caused by the approximation error in the Hagan formula (especially pronounced in long-dated, high vol-of-vol, or high-skew options). 3. **Practical Implication – Theta Decomposition Decision** (comment by Alex) Alex noted that whether to perform Theta decomposition depends on the risk-management approach: - Without decomposition → use SABR Gamma vs. dP/dt. - With decomposition → SABR Gamma maps to Spot Theta, Vanna to Cross Theta, and Volga to Vol Theta. **Overall Tone**: The discussion is highly technical and collaborative. Jeff drives the conversation by asking clarifying questions and presenting a well-structured 3-point summary of his recent study. Alex provides confirmations, practical insights, and code-level validation. Both participants demonstrate a strong command of SABR model nuances, particularly the relationship between approximation error, PDE residual, and real-world risk management.