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PODCAST

Decoder with Nilay Patel

Decoder is a show from The Verge about big ideas — and other problems. Verge editor-in-chief Nilay Patel talks to a diverse cast of innovators and policymakers at the frontiers of business and technology to reveal how they’re navigating an ever-changing landscape, what keeps them up at night, and what it all means for our shared future.

business

All Episodes

74:57

Can Puck’s CEO reinvent the news business for the...

Decoder with Nilay Patel ·

2026/04/13

Sarah Personette is the CEO of Puck, a media company that's been around for about five years. Puck hires big star reporters who write newsletters as part of a subscription bundle. Those newsletters are often must-reads in their industries, and those reporters get equity in Puck and a share of the company's revenue.It's a place where the financial incentives of the influencer economy crash right into the rigors of traditional journalism — and as regular Decoder listeners know, I have a lot of

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38:19

The AI industry's existential race for profits

Decoder with Nilay Patel ·

2026/04/09

Today, let’s talk about the looming AI monetization cliff, and whether some of the biggest companies in space can become real, profitable businesses before they careen right off it.My guest today is Hayden Field, who’s our senior AI reporter here at The Verge. She’s been keeping close tabs on both Anthropic and OpenAI, and how these two companies, both slate to go public this year, tell us a whole lot about the AI industry in 2026. Links: The vibes are off at OpenAI | The Verge

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57:45

Cisco CEO Chuck Robbins wants data centers in space

Decoder with Nilay Patel ·

2026/04/06

My guest today is Cisco CEO Chuck Robbins. Cisco is one of those big companies that everyone has heard of but most of us don’t have to interact with very much; they’re not really a consumer brand. But without Cisco's actual routers and switches and silicon — and the software to make those things work — there’s no internet, no cloud, and no AI. But a data center is a really unpleasant neighbor to have, and there’s robust opposition to new data center builds all over the country. So I had to start

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51:10

A jury says Meta and Google hurt a kid. What now?

Decoder with Nilay Patel ·

2026/04/02

Today, we’re talking about the landmark social media addiction trials that just resulted in two major verdicts against Big Tech — one in California against Meta and Google, and another in New Mexico against just Meta.These are complicated cases with some huge repercussions for both how these platforms work and the very nature of speech in America. So we’ve brought on two heavy hitters: my friend Casey Newton, founder and editor of Platformer and co-host of Hard Fork, as well as Verge senior policy

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66:36

Okta's CEO is betting big on AI agent identity

Decoder with Nilay Patel ·

2026/03/30

My guest today is Okta CEO Todd McKinnon. Okta is a platform that big companies use to manage security and identity across all the many apps and platforms their employees use. Most of us run into it as login management at work.SaaS companies like Okta are under a lot of pressure in the age of AI, which Todd even said on an earnings call he's "paranoid" about. But you'll also hear Todd say that for Okta specifically, there's also a world of opportunity as the very concept of a digital "identity"

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37:30

Everyone hates Ticketmaster. Why'd Trump go easy on...

Decoder with Nilay Patel ·

2026/03/26

Today, we’re talking about the major antitrust lawsuit against Ticketmaster parent company Live Nation, and what it might mean for antitrust and competition law in general now that the Trump DOJ has decided to settle its part of the case — even as several states including California, New York, and Texas carry on. To break it all down, I’m joined by Verge senior policy reporter Lauren Feiner. Lauren’s our resident court expert, and she’s been chronicling this trial from the beginning. Links:

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75:53

Confronting the CEO of the AI company that...

Decoder with Nilay Patel ·

2026/03/23

Today, I’m talking with Shishir Mehrotra, the CEO of Superhuman, the company formerly known as Grammarly, which is still its flagship product. Back in August, Grammarly shipped a feature called Expert Review, which allowed you to get writing suggestions from AI-cloned “experts,” and recently, reporters at The Verge and other outlets discovered that those experts included me, among many others. No one ever asked permission to use our names this way, and a lot of reporters were outraged by this. To

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48:08

Paramount's $110 billion Warner Bros. gamble

Decoder with Nilay Patel ·

2026/03/19

Today, let’s talk about the big Paramount-Warner Bros. Discovery merger. Right now, Paramount head David Ellison is very much acting like he’s over the finish line after outbidding Netflix, which walked away after what seemed like a done deal. Back in January, I asked Puck’s Julia Alexander to walk me through Netflix’s reasoning, and today I’m digging into Paramount’s with Rich Greenfield, a media and entertainment analyst and cofounder of research firm LightShed Partners. There’s a lot going on

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77:43

Yahoo CEO Jim Lanzone on reviving the web's homepage

Decoder with Nilay Patel ·

2026/03/16

Jim Lanzone is the CEO of Yahoo. It's basically impossible to sum up Yahoo's story over the last 25 years, but the short version is that once upon a time, Yahoo paid Google to run the search box on its website, and everything immediately went sideways. Jim calls it Yahoo's original sin. But after a long series of mergers, spinouts, and a hot, weird minute as part of Verizon Yahoo is once again an independent, privately held company — and it's growing. But can Yahoo really take market share from

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48:57

Anthropic doesn't trust the Pentagon, and neither...

Decoder with Nilay Patel ·

2026/03/12

My guest today is Mike Masnick, the founder and CEO of Techdirt, the excellent and long-running tech policy blog. Mike has been writing about government overreach, privacy in the digital age, and other related topics for decades now, and he’s an expert on how the internet and the surveillance state have grown in interconnected ways over the past two decades.I wanted to have Mike on the show to discuss the messy, fast-moving situation at Anthropic, the maker of Claude that now finds itself in a

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72:03

Hasbro's CEO lets AI Peppa Pig help design toys

Decoder with Nilay Patel ·

2026/03/09

Hasbro might be a toy company, but CEO Chris Cocks has spent the last several years pushing it more and more into the digital media, gaming, and collectibles space. That makes sense, since adults have money and kids don't. All those IP and licensing deals are working out for Hasbro so far. But Hasbro is also facing a lot of risk from instability: in trade and tariffs, in politics and culture, and in the video game market, which seems to be in a more or less permanent state of crisis. Read the

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45:24

Prediction markets want to be the news

Decoder with Nilay Patel ·

2026/03/05

Today let’s talk about prediction markets, which continue to insert themselves into the news cycle and the news in increasingly weird, unsettling, and potentially illegal ways. My guest today is Liz Lopatto, a senior reporter at The Verge who owns what we cheerfully call the chaos beat. Liz has been writing a lot about prediction markets lately and especially why they all seem so intent on being perceived as sources of news — a position which directly incentivizes insider trading. That in turn

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65:38

Zillow's CEO on growth during a housing crisis

Decoder with Nilay Patel ·

2026/03/02

Today, I’m talking with Zillow CEO Jeremy Wacksman. Zillow is one of those apps that really exemplifies what you might call the smartphone era of software: the company built a great mobile app for looking at real estate listings, and it turned into not just entertainment for so many of us, but what has become a vertically-integrated platform for buying, selling, and renting real estate.Jeremy’s argument is that the future of Zillow looks a lot like an end-to-end business platform for real estate

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43:08

Inside Xbox's executive shakeup

Decoder with Nilay Patel ·

2026/02/26

Today, we’re talking about the future of Xbox. Phil Spencer, a two-time Decoder guest who’s led Xbox for more than a decade, is stepping down. But in a shocking twist, his deputy long-assumed successor Sarah Bond is also out too, and the Xbox division is now in the hands of an Asha Sharma, one of Microsoft’s AI executives with no prior game industry experience. There is no better person to talk to about all of this than Tom Warren, senior editor here at The Verge and author of the excellent Notepad

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71:02

Hank Green lets loose on YouTube, billionaires, and...

Decoder with Nilay Patel ·

2026/02/23

Today, I’m talking with Hank Green, a longtime friend of Decoder and the co-founder and now former owner of Complexly, an online education company he started with his brother John in 2012. I say former owner because Hank and John have just converted Complexly into a nonprofit and given up their ownership of the company in the process.That’s some of the purest Decoder bait that ever was, because it’s all about how you structure a company and how you make decisions about changing that structure. So

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41:22

Money no longer matters to AI's top talent

Decoder with Nilay Patel ·

2026/02/19

Today we're talking about the war for AI talent. Right now, the hottest job market on the planet is for AI researchers. And the vast majority of these people are concentrated into a small number of hugely valuable, extremely fast-growing companies in the San Francisco Bay Area, most of which are now paying some of the highest salaries in the history of tech to poach from one another.We’ve been dying to really dig in and try to unpack what's going on with all these talent moves in AI. So we brought

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27:02

Let's talk about Ring, lost dogs, and the...

Decoder with Nilay Patel ·

2026/02/16

Today, we're talking about the camera company Ring, lost dogs, and the surveillance state. Since it aired for a massive audience at the Super Bowl, Ring’s Search Party commercial has become a lightning rod for controversy. It’s easy to see how the same technology that can find lost dogs can be used to find people, and then used to invade our privacy in all kinds of uncomfortable ways, by cops and regular people alike. Although Ring has since canceled its partnership with controversial surveillance

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73:05

The surprising case for AI judges

Decoder with Nilay Patel ·

2026/02/12

My guest today is Bridget McCormack, former chief justice for the Michigan Supreme Court and now president and CEO of the American Arbitration Association. For the past several years, Bridget and her team have been developing an AI-assisted arbitration platform called the AI Arbitrator. So I sat down with her to talk about how the tool works, the pros and cons of automating parts of the arbitration process, and the bigger picture questions around institutional trust, justice, and the future of

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62:46

Siemens CEO's mission to automate everything

Decoder with Nilay Patel ·

2026/02/09

Siemens is one of those absolutely giant, extremely important, fairly opaque companies we love to dig into on Decoder. At a very basic, reductive level, Siemens makes the hardware and software that let other companies run and automate their stuff.We spent a lot of time talking about what happens to jobs when Siemens automates everything — and what happens to a company like Siemens when the free trade era we’re used to gets turned on its head. Read the full interview transcript on The Verge

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48:55

Reality is losing the deepfake war

Decoder with Nilay Patel ·

2026/02/05

Today, we’re going to talk about reality, and whether we can label photos and videos to protect our shared understanding of the world around us. To do this, I sat down with Verge reporter Jess Weatherbed, who covers creative tools for us — a space that’s been totally upended by generative AI. We’ve been talking about how the photos and videos taken by our phones are getting more and more processed for years on The Verge. Here in 2026, we’re in the middle of a full-on reality crisis, as fake and

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382 results

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