On Saturday night, a gunmen opened fire on two power transformers in North Carolina
The attack plunged 45,000 homes into freezing darkness.
This is the second sniper attack on a US power station-- the most important terror campaign you've never heard of.
The event is a sober reminder of the Metcalf Power Station attacks just a few years back
Where an unknown attacker opened fire onto the power station powering the entire Santa Clara Valley. That attack is still unsolved, with no motive or suspect.
While many recommendations from the GridEx report were implemented, the NC attack is a sobering reminder that our power grid still remains incredibly vulnerable.
So what do we know about the North Carolina attack?
Around 7pm-- two power stations were hit independently with gunfire.
The wooden gate leading to the substation were also cut open-- suggesting attackers possibly entered the site.
the FBI and state authorities are onsite-- but the human damage is done.
Without cell conductivity, wifi, or heat in sub freezing cold, the human damage of these attacks is already well underway.
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I've never seen VCs make a bigger mistake than generative AI.
They are funding many projects that are destined to be abject failures.
Even worse, they are totally missing the places where ML will actually have impact and generate enterprise value.
Let me explain:
To be clear-- innovations in large language models and ML broadly are real. We've made a decade of progress in the last month alone.
I've been running a large language model company for four years now, I am not a skeptic. These things will change the world.
but, the fevered tone mirrors the same mistakes that they made around Web3 or the "Creator" economy.
You will not generate large enterprise value by making everyone a "creator". Giving everyone in the world the ability to generate Picasso paintings is worth very little.
if i were an intelligence agency, and i was concerned my adversaries were using crypto to launder funds-- how would i stop that?
first i'd find the central casting idea of a tech founder-- mit dropout, finance, cargo shorts, long hair, sleeps on a beanbag kind of guy
then i'd stick him offshore and claim he's discovered an "arbitrage" on a forex market. the details don't matter, but it should require unauditable otc transactions and credibly add up to a couple billion bucks.
all that matters is its mildly believable and its not on chain
then i'd have him use those funds to build a very large crypto exchange. the goal here is to subsidize the thing until you see enough trading volume to see the state of the market at any moment.
only then you can start understanding how these "illegal war funds" are moving.
In April, a team of cyberattackers attempted to breach an undersea cable off the coast of Hawaii.
The cable is part of a network that carries over 95% of the world’s data.
The attack is one of in a series of mysterious attacks on US infrastructure. Let's dig in.
Submarine cables are one of our most essential pieces of infrastructure. Hundreds of them are in operation ranging from just a few miles to over 10k miles.
These are the highways over which global information flows.
compromise one, and you have everything.
This is not the first time these cables have been in the news.
In the 1970s, the US learned that an undersea cable ran parallel to the Kuril Islands off the eastern coast of Russia, providing a communications link between two major Soviet naval bases
Freeport, one of the largest US plants exporting liquefied natural gas, exploded on Wednesday.
Freeport represents a critical piece of infrastructure in Europe's divestment from Russian oil. Yet this story is almost no where in the mainsteam news, so let's dig in.
Freeport is represents over 20% of US natural gas exports. A ten billion plus+ capex project, the plant processes two billion cubic feet a day of pipeline-quality natural gas.
the plant spits off $7.4b in revenue yearly. 80% of its shipments are direct to Europe.
As Europe attempts to divest from Russian oil, it becomes increasingly reliant on the constant stream of cargo ships from ports like Freeport.
LNG is the key to energy independence for western europe, and is crippled if we continue to lose infrastructure like freeport.