$AAPL + $PLTR, GDPx, Value of a Search, Grok Bot Breaks the Bank

Apple and Palantir both beat earnings, but the hosts focused less on the beats themselves than on what investors are starting to worry about next. Apple posted record September-quarter revenue, yet the Financial Times reported that rising memory-chip costs and the expense of AI tools could pressure margins. Palantir nearly doubled revenue from a year earlier, with U.S. commercial revenue surpassing U.S. government revenue for the first time, reinforcing the company’s push into enterprise AI.

The discussion then shifted to Google’s changing search experience and the growing tension between AI mode and the open web. The host argued that AI search is becoming more conversational and more ads-driven, while guests argued Google still has enormous strategic assets and cash flow. They also discussed Reddit as an example of “Google zero” and the broader threat to non-destination media and SMB funnel economics.

Later, the show covered Elon Musk’s claim that Grokbot’s serving costs were too high relative to revenue, with the hosts questioning the economics and adoption pattern. Harley Finkelstein joined to argue that Shopify is seeing real traction from agentic commerce, especially as brands like Lululemon migrate to the platform. Bridget Mendler described Northwood Space’s new $375 million round, and Dylan Patel, Max Kan, and Andrew Megalaa introduced GDPX as a benchmark aimed at domains where AI can generate the first trillion dollars of revenue.