Apple Unveils iPhone Duo, Muse AI Agent, Keith Rabois Joins | David Cahn, Mikey Shulman, David Perell, Jim Reilly, Fletcher Richman

September 9, 2026

AI Summary

5 min read

Apple’s Foldable Duo, Meta’s Muse Agent, and the State of AI Investment

On September 9, 2026, Apple unveiled the iPhone Duo, its first foldable phone, marking CEO John Ternus’s first major product launch. The panel on TBPN reacted with tempered enthusiasm. The phone appears to have no visible crease—Apple apparently waited years for the folding technology to mature before entering the market. The device is expected to sell for $2,000 to $3,000 fully loaded. One host argued that phones have always been underpriced relative to the value people get from them: “You spend more time on your phone than you do in your car, and your car is ten times the price of your phone.” Still, another host pushed back: “It does nothing new for you. It doesn't move humanity forward in any way at all.” The conversation turned to whether app developers like Suno will need to redesign their interfaces for the new form factor, and whether the Duo will create genuine new use cases or just enable watching two vertical videos at once.

Meta’s Muse: A Consumer AI Agent with Distribution

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What you'll learn

1 (01:46) **Apple iPhone Duo Announcement** - The panel reacts to Apple's new foldable phone, the iPhone Duo, and discusses its potential impact.
2 (11:58) **Steve Jobs Predicts Modern AI in 1985** - The panel watches a vintage clip of Steve Jobs envisioning a conversational AI that could capture and answer questions from a thinker like Aristotle.
3 (21:45) **Apple's "Live Rewind" Feature & The Crease** - The panel examines Apple's new audio intelligence feature and the visual quality of the foldable phone's screen.
4 (30:11) **Meta Launches Muse AI Agent** - The panel covers Meta's new personal AI agent, Muse, which can buy goods online, respond to emails, and complete other tasks via a dedicated app.
5 (37:06) **Muse vs. Instinct & Meta's Distribution Play** - The panel debates whether Muse is a direct clone of the startup Instinct and analyzes Meta's strategy for user adoption.
6 (42:38) **Mark Zuckerberg's Castle & The "Doom" Debate** - The panel discusses Zuck's purchase of an Irish castle and then pivots to a major resignation at Anthropic over AI extinction fears.
7 (53:55) **David Cahn on AI Capital Concentration & IPOs** - David Cahn from Sequoia Capital joins to discuss the state of the AI market, focusing on the concentration of capital and the upcoming wave of AI IPOs.

+ Full timestamped outline available in the app

Guests on this episode

David Perell Keith Rabois

Show Notes

(01:44) - Apple Unveils iPhone Duo
(13:08) - Steve Jobs Predicts ChatGPT
(21:38) - Apple Kicks off Ternus Era
(30:03) - Meta Launches Muse AI Agent
(45:41) - Anthropic Researcher Quits Over AI
(54:08) - David Cahn discusses how AI is reshaping venture capital through concentrated investment in leading private companies, an approaching wave of IPOs, and massive data-center infrastructure needs. The Sequoia Capital investor also highlights opportunities in energy, hardware, robotics, and industrialization, emphasizing defensible intellectual property, strong founders, and aligning investment timelines with market demand.
(01:10:39) - Mikey Shulman, co-founder and CEO of Suno, discusses the launch of its faster, more expressive V6 music-generation model and partnerships designed to share revenue with artists and rights holders. He also explores how accessible AI tools can inspire everyday creativity, enhance professional music workflows, and become commonplace throughout music production.
(01:35:25) - Keith Rabois discusses the durability and valuations of AI companies, emphasizing talent density, sustainable advantages, and the risks posed by disappointing IPOs or regulation. The venture capitalist and managing director at Khosla Ventures also shares his optimism about technology, skepticism toward AI doomsday predictions, and belief that investors should back companies aligned with their values.
(02:01:26) - David Perell is a writer, educator, and host of the interview series *How I Write*. David Perell discusses his approach to interviewing, ambitions to create enduring media, the success of his Cultural Tutor project, and how architecture and design reflect society’s values.
(02:41:32) - Jim Reilly discusses his entrepreneurial background and Charleston AI, a storefront consultancy that helps individuals and businesses understand, implement, and benefit from artificial intelligence. He explains how AI improves productivity, addresses common fears and misconceptions, and shares plans to establish a strong foundation before expanding the business.
(02:52:49) - Fletcher Richman discusses Type, a shared AI workspace that helps nontechnical teams collaboratively build and deploy AI-powered tools. He explains the company’s focus on midsize businesses, particularly direct-to-consumer e-commerce teams, and its recent $4 million funding round.

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