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.

Links: 

• Siemens Energy CEO attends Trump meeting at Davos | Reuters
• PepsiCo, Siemens, Nvidia announce digital twin collaboration | PepsiCo
• Siemens spins off Healthineers majority stake | Reuters
• Siemens USA to train 200,000 electricians by 2030 | Siemens

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Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Decoder is produced by Kate Cox and Nick Statt and edited by Ursa Wright. Our editorial director is Kevin McShane. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 manipulated ultra-believable images and videos flood onto social platforms at scale. So Jess and I discussed the limitations of AI labeling standards like C2PA, and why social media execs like Instagram boss Adam Mosseri are now sounding the alarm. 

Read the full transcript on The Verge.

Links: 

• This system can sort real pictures from AI fakes — why aren’t we using it? | The Verge
• You can’t trust your eyes to tell you what’s real, says Instagram | The Verge
• Instagram’s boss is missing the point about AI on the platform | The Verge
• Sora is showing us how broken deepfake detection is | The Verge
• Reality still matters | The Verge
• No one’s ready for this | The Verge
• What is a photo, @WhiteHouse edition | The Verge
• Google Gemini is getting better at identifying AI fakes | The Verge
• Let’s compare Apple, Google & Samsung’s definitions of 'photo’ | The Verge
• The Pixel 8 and the what-is-a-photo apocalypse | The Verge

Subscribe to The Verge to access the ad-free version of Decoder!

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Decoder is produced by Kate Cox and Nick Statt and edited by Ursa Wright. Our editorial director is Kevin McShane. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today, I’m talking with Allan Thygesen, who is the CEO of Docusign. You know Docusign, it’s the platform that lets you sign stuff online. It turns out 7,000 people work there, which is one of those facts floating around that’s always felt like perfect Decoder bait. What are all those people doing? And what kind of product roadmap does a company like Docusign even need?

Alan has only been CEO of Docusign for three years, so he has some interesting perspective on where the company was, the changes he wanted to make, and where he thinks this is all going. Hint: it involves AI. 

Read the full transcript on The Verge.

Links: 

• Docusign's AI will help you understand what you're signing | Fast Company
• Docusign on ‘transformational journey,’ CEO Says | Bloomberg
• How Docusign Is modernizing the age-old business contract | Barron’s
• Docusign unveils next-gen eSignature with AI | Docusign
• Docusign brings its contract AI to ChatGPT | Docusign
• Interview with Docusign CEO Allan Thygesen | Motley Fool (Podcast)

Subscribe to The Verge to access the ad-free version of Decoder!

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Decoder is produced by Kate Cox and Nick Statt and edited by Ursa Wright. Our editorial director is Kevin McShane. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today, we’re talking about the bidding war over Warner Bros. Discovery, which is the biggest story in the entertainment industry right now, and for good reason. It has pretty much everything you could want in a buzzy Hollywood saga — big names, big money, and big drama.

To help me make sense of it all, I wanted to talk with Julia Alexander, a Verge alum and now media correspondent at Puck News who’s one of the best in the business at analyzing corporate strategy, Hollywood, and what’s next in entertainment. Julia really helped me break down why Netflix is the clear front runner to acquire Warner Bros., why David Ellison of Paramount Skydance is so desperate to win, and, perhaps most importantly, how the tech industry fits into this puzzle.

Links: 

• Netflix is buying Warner Bros. for $83 billion | The Verge
• Paramount launches hostile $108 billion bid to snatch Warner | The Verge
• Netflix revises Warner Bros. bid to an all-cash offer | The Verge
• Why Netflix needs Warner Bros. | Puck News
• The Warner Bros. bidding war Is over | Bloomberg
• The Son King of Hollywood | Vulture
• FCC Chair: ‘Legitimate competition concerns’ with Netflix’s Warner deal | Variety
• Netflix's Ted Sarandos to testify at antitrust hearing over Warner deal | Variety

Subscribe to The Verge to access the ad-free version of Decoder!

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Decoder is produced by Kate Cox and Nick Statt and edited by Ursa Wright. Our editorial director is Kevin McShane. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Experian is one of those giant multinationals convoluted enough to have multiple CEOs all over the world, so first I asked Alex Lintner, Experian's CEO of technology and software solutions, to dig into the classic Decoder questions and explain how all of that even works.

He oversees big operations like security and privacy, and now, of course, AI. If you want to participate in the modern economy — rent an apartment, buy a car, get a job, etc  — you’re part of Experian’s ecosystem, whether you like it or not. At its heart, Experian’s core service is data about people and the choices they make. And this extremely valuable data weirdly makes Experian a part of your life  — a life that becomes much smoother if the data the company collects about you tells a good story. 

Read the full interview transcript on The Verge.

Links: 

• Roughly half of Americans are knowledgeable about personal finance | Pew Research
• How Americans view data privacy | Pew Research
• Consumer voices on credit reports and scores | CFPB
• Mercedes-Benz CEO Ola Källenius on Decoder | The Verge
• The Palantir app ICE uses to find neighborhoods to raid | 404 Media
• T-Mobile customers exposed in major Experian breach (2015) | The Verge
• All the news about the Equifax breach | The Verge

Subscribe to The Verge to access the ad-free version of Decoder!

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Decoder is produced by Kate Cox and Nick Statt and edited by Ursa Wright. Our editorial director is Kevin McShane. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Grok, the chatbot made by Elon Musk’s xAI, is able to make all manner of AI-generated images on demand, including non-consensual intimate images of women and minors. It's the kind of "controversy" that would have completely sunk a platform five or 10 years ago, but now it seems clear that Elon wants Grok to be able to do this.

A lot of people feel like someone should be able to do something about a one-click harassment machine like this. But who has that power, and what they can do with it, is a deeply complicated question,tied up in the thorny mess of history that is content moderation and the legal precedents that underpin it. So I invited Riana Pfefferkorn, from the Stanford Institute for Human-Centered Artificial Intelligence, to come talk me through it.

Links: 

• Grok’s gross AI deepfakes problem | The Verge
• Grok is undressing children — can the law stop it? | The Verge
• Tim Cook and Sundar Pichai are cowards | The Verge
• Senate passes a bill to let nonconsensual deepfake victims sue | The Verge
• EU looks to ban nudification apps following Grok outrage | Politico
• Grok flooded X with millions of sexualized images | The New York Times
• The Supreme Court just upended internet law | The Verge
• Mother of Elon Musk’s son sues xAI over sexual deepfake images | AP

Subscribe to The Verge to access the ad-free version of Decoder!

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Decoder is produced by Kate Cox and Nick Statt and edited by Ursa Wright. Our editorial director is Kevin McShane. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

We’re back to start the year with a very special live interview with Razer CEO Min-Liang Tan, which we taped in front of a terrific audience at Brooklyn Bowl in Las Vegas during CES. At this year’s show, Razer made headlines for something it calls Project Ava, an AI companion that has a physical presence in the real world, as an anime hologram that sits in a jar on your desk. It’s powered by, you guessed it, Elon Musk’s Grok. 

There are a whole lot of choices bundled up in all of that, as well as Razer’s decision to go all-in on AI at a moment when the gaming community is outright rejecting it. So Min and I really got into it. I think you’ll have a lot to think about with this one. 

Links: 

• Razer is making an AI anime waifu hologram for your desk | The Verge
• Razer thinks you’d rather have AI headphones instead of glasses | The Verge
• Baldur’s Gate 3 studio says it won’t use AI for concept art or writing | The Verge
• In 2025, AI became a lightning rod for gamers and devs | The Verge
• Razer plans $600M push to capture 'untapped' AI gaming demand | Bloomberg
• Replika CEO says it’s okay if we end up marrying AI chatbots | Decoder
• Lawsuits blame ChatGPT for suicides and harmful delusions | NYT
• Inside three longterm relationships with AI chatbots | NYT
• Torment Nexus | Know Your Meme
• The future of gaming is AI | Razer (Instagram)

Subscribe to The Verge to access the ad-free version of Decoder!

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Decoder is produced by Kate Cox and Nick Statt and edited by Ursa Wright. Our editorial director is Kevin McShane. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey everyone, it’s Nilay. We’re settling back in here after the winter break and CES, and we’ll have new episodes for you starting next Monday. In the meantime, we wanted to highlight one of our favorites from last year: an interview with journalist and author Megan Greenwell about her book Bad Company: Private Equity and the Death of the American Dream.

My conversation with Megan last year was extremely illuminating as to why private equity does what it does to industries like healthcare, media and real estate — and just how deeply it's affecting the everyday lives of Americans everywhere. It's a really great conversation that feels just as timely today as it did last summer. Enjoy. 

Links: 

• Bad Company | HarperCollins
• How private equity kills companies and communities | Decoder
• Private equity bought out your doctor and bankrupted Toys ‘R’ Us | Decoder
• Private equity makes its first college sports play | Axios
• Private equity Is gutting America — and getting away with it | NYT
• I was fired from Deadspin for refusing to ‘stick to sports’ | NYT
• Will private equity be the next ‘Big Short’? | Marketplace
• The profit-obsessed monster destroying American ERs | Vox
• Why your vet bill is so high | The Atlantic
• The investment firms leave behind a barren wasteland’ | Politico

Subscribe to The Verge to access the ad-free version of Decoder!

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Decoder is produced by Kate Cox and Nick Statt and edited by Ursa Wright. Our editorial director is Kevin McShane. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

We’ve got something special for you today. It’s my friend Hank Green, longtime YouTuber, science educator, and viral TikTok star, interviewing Dropout CEO Sam Reich. 

Hank did this episode as a guest host over the summer, and it’s a fan favorite, bringing together two internet personalities that’ve known each other for a very long time and who have a lot of inside knowledge about how the internet, Hollywood, and entertainment all intertwine.

Links: 

• Dropout’s Sam Reich on business, comedy, and keeping the internet weird | Decoder
• How Dropout broke through in 2025 | AV Club
• Dropout CEO on launching ‘Superfan’ tier, crossing 1M subscribers | Variety
• How CollegeHumor reinvented itself for the new internet age | People
• CollegeHumor shaped online comedy. What went wrong? [2020] | Wired
• ‘I believe in this enough to try to do it myself’ [2020] | Digiday
• Jacob Wysocki needed a minute to process that Game Changer | Vulture
• Game Changer smartly weaponizes its online following | Mashable
• Vimeo CEO Philip Moyer is betting on the human touch | Decoder
• Vimeo to be acquired by Bending Spoons for $1.38B | The Verge

Subscribe to The Verge to access the ad-free version of Decoder!

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Decoder is produced by Kate Cox and Nick Statt and edited by Ursa Wright. Our editorial director is Kevin McShane. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey everyone, it’s Nilay. Decoder is on our holiday break. We’ve got a lot of fun stuff coming up in the New Year, though, including a special Decoder Live at CES. Stay tuned for more details, including how to RSVP for free tickets.

In the meantime, we’ve got a great episode of the podcast Channels, featuring two of the best media reporters in the business. Host Peter Kafka sat down with Bloomberg’s Lucas Shaw to talk about the bidding war between Paramount SkyDance and Netflix over Warner Bros. Discovery. It’s the biggest story in entertainment right now, and this episode breaks down everything you need to know about the contentious acquisition. 

Links: 

• "Neither Side Is Used to Losing”: Lucas Shaw on the battle for Warner Bros. | Channels
• Five things we’re getting wrong about Warner Bros.′ Netflix deal | Bloomberg
• Warner Bros.’ bidders brace for a fight that will last months | Bloomberg
• WBD wants its shareholders to reject Paramount’s latest offer | The Verge
• There are no good outcomes for the Warner Bros. sale | The Verge
• Netflix is “100% committed” to releasing WB films in theaters | The Verge
• Netflix is buying Warner Bros. for $83 billion | The Verge

Subscribe to The Verge to access the ad-free version of Decoder!

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Decoder is produced by Kate Cox and Nick Statt and edited by Ursa Wright. Our editorial director is Kevin McShane. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey everyone! Decoder senior producers Kate Cox and Nick Statt here. We’ve had a big year, including nearly 100 episodes, a new YouTube channel, an ad-free podcast feed, and a slate of great guest hosts while Nilay was on parental leave. It’s been a lot!

We’ve also had a lot of great questions and comments this year from you, our audience. So we pulled together all the feedback we’ve received on topics like CarPlay, Monday episode guest suggestions, and — of course — AI. And then we turned the tables on Nilay to ask him his thoughts on the past 12 months: What we liked, what we want to improve, and how he’s making decisions for Decoder in the new year. 

Links: 

• Answering your biggest Decoder questions, 2024 edition | Decoder
• The DoorDash Problem | Decoder
• How decision making changes when AI answers are cheap and (too) easy | Decoder
• Why GM will give you Gemini — but not CarPlay | Decoder
• Rivian CEO: ‘We’re really convicted’ about skipping CarPlay | Decoder
• How SharkNinja took over the home, with CEO Mark Barrocas | Decoder
• Why Tubi CEO Anjali Sud thinks free TV can win again | Decoder
• Disney accuses Google of copyright infringement following OpenAI deal | The Verge

Subscribe to The Verge to access the ad-free version of Decoder!

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Decoder is produced by Kate Cox and Nick Statt and edited by Ursa Wright. Our editorial director is Kevin McShane. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices