Giant squid have been showing up in hordes off the Northern Coast of California for the last three years now. No one knows why exactly. Suspects include global warming, increased competition for food, declining food resources, take your pick, but fishermen are facing their own competition for fish with the ferocious hunters.
Take the article with a grain of salt (or tartar sauce - your choice) however. It's a bit overly dramatic and full of Jules Verne worthy hyperbole. I don't think anyone is in any danger of being eaten by one of these beasties anytime soon.