🕵️ Snowflake Hacker Arrested, Amazon & Meta’s Nuclear Setbacks, and X’s Banking Delays
Good morning! It's Tuesday, November 5, Election Day in the U.S. At the end, you'll find a special section with key election updates.
Suspected Snowflake Hacker Arrested in Canada
Regulators deliver successive blows to Amazon and Meta's nuclear power ambitions
X was supposed to be a bank by now
Apple Explores Push Into Smart Glasses With 'Atlas' User Study
Taiwan's soaring energy prices and growing outages hit chipmaker TSMC
Let’s dive in
Suspected Snowflake Hacker Arrested in Canada
By Joseph Cox via 404 Media
Canadian man suspected of leading this year's Snowflake-related hacking wave has been arrested after high-profile breaches affecting AT&T, Ticketmaster, and LendingTree.
The hacker, known as Judische or Waifu, is linked to over 165 breached Snowflake instances and had previously expressed concerns to 404 Media about a potential arrest.
International law enforcement collaborated with cybersecurity researchers to track the suspect, who claimed to have destroyed or altered evidence.
𝕏: New from 404 Media: the hacker suspected to be behind the recent wave of Snowflake breaches has been arrested in Canada. The hacker went dark on Telegram last week, started to tell me their origin story. Canada confirmed it’s arrested Connor Moucka - Joseph Cox (@josephfcox)
Regulators deliver successive blows to Amazon and Meta's nuclear power ambitions
By Tim De Chant via TechCrunch
Amazon and Meta face regulatory setbacks in their nuclear power initiatives, aimed at supporting energy-intensive AI and cloud computing data centers.
Meta’s project was hindered by environmental concerns, including the presence of a rare bee species, while Amazon's plan to link to the Susquehanna nuclear plant was blocked by FERC due to potential impacts on regional electricity reliability.
Microsoft’s nuclear plans, however, continue to progress, as it works to revive a reactor at Three Mile Island.
𝕏: $META's nuclear-powered AI data center plans are paused due to a rare bee discovery. Regulators rejected linking nuclear power to $AMZN's Susquehanna data center. Nuclear stocks down in the pre-market… - M. V. Cunha (@mvcinvesting)
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X was supposed to be a bank by now
By Alex Heath via The Verge
Elon Musk initially aimed to transform Twitter (now X) into an “everything app” and “digital town square,” but these ambitions have largely stalled.
Musk’s goal to make X a banking platform capable of managing users' “entire financial life” remains unfulfilled; a Venmo-like payment feature is still in development, and X lacks full regulatory approval for money transmission in major states like New York.
Critics argue Musk is more focused on using X as a political tool rather than advancing its original purpose as an all-encompassing app.
𝕏: Here's another hit piece on #X but these dimwits don't have a clue about timing the market correctly. I trust in @elonmusk @realDonaldTrump @ryancohen @JDVance @RobertKennedyJr @pulte @Carl_C_Icahn @cooldude4k & @larryvc X was supposed to be a bank by now. - Andrew Silvagni (@andrewsilvagni)
Apple Explores Push Into Smart Glasses With 'Atlas' User Study
By Mark Gurman via Bloomberg
Apple is conducting an internal study, code-named Atlas, to evaluate the current market for smart glasses, with feedback gathered from employees.
This initiative, led by Apple’s Product Systems Quality team within the hardware division, indicates the company may aim to enter the smart glasses category alongside Meta.
Focus groups with Apple employees are planned as part of the study, signaling early-stage research into a potential new hardware product.
𝕏: NEW: Apple is exploring a push into smart glasses with an internal study of products currently on the market, setting the stage for the company to follow Meta into an increasingly popular category. - Mark Gurman (@markgurman)
Taiwan's soaring energy prices and growing outages hit chipmaker TSMC
By Kathrin Hille via Financial Times
TSMC, the world’s largest chipmaker, is facing challenges from soaring energy prices and frequent power outages in Taiwan, impacting its operations.
These energy issues threaten TSMC’s production stability at a time of high global demand for semiconductor chips.
The situation highlights the growing risks for Taiwan’s tech sector as it grapples with energy supply constraints and rising operational costs.
𝕏: Taiwan’s soaring energy prices and growing outages hit chipmaker TSMC... One of the core policies of the DPP governing on Island Taiwan is to "Abolish nuclear power and use love to generate electricity". - ShanghaiPanda (@thinking_panda)
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Election Spotlight
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