1 Trillion Lost In Tech Meltdown

Tech stocks shed more than $1 trillion as investors question whether massive AI spending will pay off. Jim Love examines the selloff, the $6.36 billion Binance hack, a Homeland Security personnel leak, Canada's European computing partnership and Claude Code's new restrictions on game recreations. Hashtag Trending for Monday, November 2, 2026. Intel plunges nearly 29%, while AI bubble warnings put technology valuations under scrutiny. Also: frozen versus recovered cryptocurrency, what the Icepick database reveals about DHS, Canada's access to EuroHPC infrastructure, Ottawa's Cohere investment and the growing debate over AI-built software lookalikes. CHAPTERS 00:00 Today's Tech Headlines 00:49 Tech Stocks Fall on AI Spending Fears 02:06 AI Bubble Warnings and Stock Valuations 03:48 Binance's Record $6.36 Billion Hack 05:14 Frozen Crypto, Recovery and Customer Withdrawals 06:46 Icepick Exposes Homeland Security Personnel 07:55 What We Know About the Alleged Access 08:55 Why Employee Directories Become Intelligence 10:13 Canada Joins Europe's EuroHPC Network 11:04 Cohere Investment and Aleph Alpha Agreement 12:50 Claude Code Restricts Game Recreations 13:21 Adobe Lookalikes and Intellectual Property 15:13 Clock Changes, Listener Feedback and Sign-Off Did the clock change disrupt your home automation or other software? Tell us what happened in the comments. Contact Jim or support the show at https://technewsday.com.