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Top stories today:

1. Israel: war takes shekel -2% to 7-year low of 3.95
2. Lambda Labs close to raising $300M at $1.2M pre
3. Microsoft lost $20/mo+ for every $10/mo GitHub Copilot user
4. ChatGPT mobile revenue +20% MoM to $4.6M in Sep.
5. Binance's $1B plan to save crypto sees ~$22M in investments
6. X users can now limit replies to verified accounts
7. PC shipments -8% in Q3, globally, with Apple leading at -23%

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0. Data and calendar

1. Israel: war takes shekel -2% to 7-year low of 3.95, but failed to spook global markets

• S&P500 was +0.6% on Monday.

• WTI oil jumped from $83 to $87 on Saturday, stabilizing now at $86.

• ~10% of workers at some tech companies went to war. - The Information

• NVIDIA canceled its AI Summit in Tel Aviv, scheduled for Oct. 15 and 16, expecting 2,500 attendees. - CNBC

Israel is preparing a ground invasion of Gaza, after Hamas’s surprise attack left 900+ dead and 150 hostages

• Death toll: 900+ Israelis, 687+ Palestinians. 150 Israeli hostages. - Bloomberg, WSJ, AP, CNN, Mario Nafwal on X

• Israeli aid could be linked to Ukrainian aid, the White House and lawmakers plan. - NBC

• 11 U.S. citizens dead, others likely abducted, raising the odds of broader war. - AP

  • 4 Russians missing, many other foreign nationals too. - Meduza

• Iran provided support, U.S. officials say, but there is no proof yet that Iran directly authorized or coordinated the attack. - WaPo

• UAE warned Syria not to get involved. - Axios

• Israel was surprised as it did not expect Hamas to want war, but rather the economic incentives Israel was giving them. - Reuters

• China condemned “civilian casualties” after pressure from Schumer, but refused to explicitly criticize Hamas. - The Hill

Volatile prediction markets now estimate a 25% chance of other nations getting involved in the war

2. Lambda Labs close to raising $300M at $1.2M pre

• 5x its expected 2023 revenue of $250M.

  • 2024 revenue is expected at $600M.

• Lambda is a cloud for GPUs, mostly used for AI.

• Competitor Coreweave is raising at 14x sales ($7B, vs. $500M).

• Round led by billionaire Thomas Tull.

  • NVIDIA not participating, unclear why not. - The Information

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4. Microsoft lost $20/mo+ for every $10/mo GitHub Copilot user in first few months of 2023