No it's a sweetie pie called a Huntsman
. It only bites if antagonized, you can hold them in your hand and the will generally not bite. When they do bite it is about as bad as a wasp sting, though I have known several people bitten in their sleep who were not woken by it. You can get a painful egg like swelling with visible double fang marks in the middle, it only affects the local area. I believe they are also common in Hawaii.