Decoder with Nilay Patel

Today, we’re bringing you something a little different. The Code Conference was this week, and we had a great time talking live onstage with all of our guests. We’ll be sharing a lot of these conversations here in the coming days, and the first one we’re sharing is my chat with Dr. Lisa Su, the CEO of AMD. Lisa and I spoke for half an hour, and we covered an incredible number of topics, especially about AI and the chip supply chain. The balance of supply and demand is overall in a pretty good place right now, Lisa told us, with the notable exception of these high-end GPUs powering all of the large AI models that everyone’s running. The hottest GPU in the game is Nvidia’s H100 chip. But AMD is working to compete with a new chip Lisa told us about called the MI300 that should be as fast as the H100. You’ll also hear Lisa talk about what companies are doing to increase manufacturing capacity. Finally, Lisa answered questions from the amazing Code audience and talked a lot about how much AMD is using AI inside the company right now. It’s more than you think, although Lisa did say AI is not going to be designing chips all by itself anytime soon. Okay, Dr. Lisa Su, CEO of AMD. Here we go. Transcript: https://www.theverge.com/e/23658688 Links: AI startup Lamini bets future on AMD's Instinct GPUs Biden signs $280 billion CHIPS and Science Act Pat Gelsinger came back to turn Intel around — here’s how it’s going Huawei’s chip breakthrough poses new threat to Apple in China — and questions for Washington AMD expands AI product lineup with GPU-only Instinct MI300X Microsoft is reportedly helping AMD expand into AI chips US curbs AI chip exports from Nvidia and AMD to some Middle East countries Apple on the iPhone 15 Pro: 'It's Going to be the Best Game Console' Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Kate Cox and Nick Statt and was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters and our Executive Producer is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today, we have a special episode for you. The Code Conference wrapped up this week, and the finale included a rare interview from my Code co-host and CNBC correspondent Julia Boorstin with X CEO Linda Yaccarino. To say the sit-down with Elon Musk’s No. 2 was confrontational would be an understatement. Yaccarino appeared both unprepared to answer tough questions and very combative, especially when asked about comments from former trust and safety head Yoel Roth, who’s become an outspoken critic of the direction of the company since Elon took over. Roth spoke onstage at Code with Kara Swisher just an hour before, where he warned Yaccarino of the risks of the job and spoke about the extreme harassment he’s faced since leaving the company. Yaccarino also gave us some updated stats on X user metrics and claimed the company would turn a profit in 2024. And of course, there were some very terse exchanges concerning whether Elon really plans to start charging a subscription fee to use the platform, if he seriously plans to sue the Anti-Defamation League, and the company’s recent cuts to its election integrity team. It’s a jaw-dropping interview, and you really have to listen to the whole thing. Credits: Decoder is a production of The Verge and is part of the Vox Media Podcast Network. Today’s episode was produced by Kate Cox and Nick Statt. It was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters and our Executive Producer is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

What motivates Mark Zuckerberg these days? It's a question Decoder guest host Alex Heath posed at the end of his interview last week, after he and Zuckerberg had spent an hour talking about Threads, Zuckerberg's vision for how generative AI will reshape Meta's apps, the Quest 3, and other news from the company's Connect conference, which kicked off today. After spending the past five years as a wartime CEO, Zuckerberg is getting back to basics, and he clearly feels good about it. "I think we've done a lot of good things," he said. "But for the next wave of my life and for the company — but also outside of the company with what I'm doing at CZI [Chan Zuckerberg Initiative] and some of my personal projects — I define my life at this point more in terms of getting to work on awesome things with great people who I like working with." For Zuckerberg, "awesome things" means figuring out how to combine his company's AR, VR, and AI ambitions into new products. This rare interview with the Meta CEO also includes details on his ongoing feud with Elon Musk and the quest to beat X/Twitter using Threads, his perspective on open source, and his vision for decentralized social media. Okay, Meta CEO Mark Zuckerberg. Here we go. Links: Mark Zuckerberg is ready to fight Elon Musk in a cage match The three reasons Twitter didn’t sell to Facebook Threads app usage plummets despite initial promise as refuge from Twitter Threads isn’t for news and politics, says Instagram’s boss You can now verify your Threads profile on Mastodon In show of force, Silicon Valley titans pledge ‘getting this right’ With AI Meta is putting AI chatbots everywhere A conversation with Bing’s chatbot left me deeply unsettled Custom AI chatbots are quietly becoming the next big thing in fandom Meta’s Smart Glasses can take calls, play music, and livestream from your face Meta’s $499.99 Quest 3 headset is all about mixed reality and video games The Meta Quest 3 is sharper, more powerful, and still trying to make mixed reality happen Here’s what Mark Zuckerberg thinks about Apple’s Vision Pro Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Kate Cox and Nick Statt and was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters and our Executive Producer is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

TechCrunch is one of the most important trade publications in the world of tech and startups, and its annual Disrupt conference is where dozens of major companies have launched… and some have failed. Matt has been the editor-in-chief of TechCrunch for essentially a decade now, and he and I have been both friends and competitors the entire time. We’ve competed for scoops, traded criticisms, and asked each other for advice in running our publications and managing our teams. So when Matt announced last month that he’s stepping down from his role at TechCrunch it felt important to have him come on for what you might call an exit interview — a look back at the past decade running a media outlet at the center of the tech ecosystem, with all of the chaos that’s entailed. Links: Why We Sold TechCrunch To AOL, And Where We Go From Here | TechCrunch (2010) TechCrunch founder leaves AOL in a cloud of acrimony | CNN Money (2011) SB Nation Sacks AOL in Raid of Former Engadget Team for Competing New Tech Site, As AOL Zeroes in on New EiC | All Things D (2011) Why Every Company Needs A 'No Bozos' Policy | Forbes (2012) Artificial Intelligence Nonprofit OpenAI Launches With Backing From Elon Musk And Sam Altman | TechCrunch Just buy this Brother laser printer everyone has, it’s fine | The Verge Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. Today’s episode was produced by Nick Statt and Kate Cox. It was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters and our Executive Producer is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Six: The Untold Story of America's First Women Astronauts, from longtime space reporter and Verge alum Loren Grush, is out today. It’s been 40 years since Sally Ride became the first American woman in space — but she was far from the last. In the early 1980s six women — Sally Ride, Judy Resnick, Kathy Sullivan, Anna Fisher, Rhea Seddon, and Shannon Lucid — would get a chance to fly a mission on one of the space shuttles… including, unfortunately, the ill-fated 1986 Challenger launch. The story of the six may be history, but it’s far from ancient, and there’s a lot going on here that ties directly to today. And of course, what’s an astronaut story without some high-flying hijinks in it? Listen to the end for Loren’s favorite. Links: Nichelle Nichols - NASA Recruitment Film (1977) Top Black Woman Is Ousted By NASA | The New York Times (1973) The Space Truck | The Washington Post (1981) NASA Artemis Five former SpaceX employees speak out about harassment at the company | The Verge Why did Blue Origin leave so many female space reporters out of its big reveal? | The Verge ‘We better watch out’: NASA boss sounds alarm on Chinese moon ambitions | Politico Elon Musk’s Shadow Rule | The New Yorker US Takes First Step Toward Regulating Commercial Human Spaceflight | Bloomberg Apply to attend the Code Conference Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Kate Cox and was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters and our Executive Producer is Eleanor Donovan Learn more about your ad choices. Visit podcastchoices.com/adchoices

Okta is a big company, a Wall Street SaaS darling. For most of us, it's the thing we have to log into 50 times a week just to get any work done. But from Okta's point of view, Jameeka Green Aaron told us, it's an identity company. I spoke with Jameeka about what "identity" really means — in the digital space, in your real life, and at work — in 2023, and how an identity-based approach might be more or less secure than other approaches. I’m also gearing up to host Code in September (apply to attend here), and I’m thinking a lot about AI — very much a challenge for the future of security, even in a biometric-based era. Links: Apple IDs now support passkeys — if you’re on the iOS 17 or macOS Sonoma betas How to use a passkey to sign in to your Google account Windows 11 tests letting you sign in to websites with a fingerprint or face Apple, Google, and Microsoft will soon implement passwordless sign-in on all major platforms Microsoft called out for ‘blatantly negligent’ cybersecurity practices Okta Faces Long Road Back At Okta, CTO and CISO collaborate by design Apply to attend the Code Conference Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Kate Cox and was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters and our Executive Producer is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Perkins Miller is the CEO of Fandom, which both hosts thousands of wikis for everything from Disney to Grand Theft Auto and also runs several publications. Millions of people contribute millions of pieces of content to the platform, and Fandom surrounds all that content with ads and uses all that data to generate insights about how fans think about their favorite games, TV shows, and movies. While you might enjoy the content, a lot of people have complaints — especially about the sheer number of ads. We talked about what it means to host user-generated content in 2023; content moderation; and the general state of media, especially games media, which is pretty rocky right now. I’m also gearing up to host the Code Conference in September (apply to attend here), and I’ve been thinking a lot about AI, search, and the web — all very much big challenges on the horizon for Fandom. Links: Layoffs Hit GameSpot, Giant Bomb Just Months After Fandom Buys Them - Kotaku How Fandom's first-party data, FanDNA, is expanding to improve recommendations for advertisers and audiences - Digiday The AI feedback loop: Researchers warn of 'model collapse' as AI trains on AI-generated content - VentureBeat How Reddit crushed the biggest protest in its history - The Verge ‘Not for Machines to Harvest’: Data Revolts Break Out Against A.I. - The New York Times Someone keeps accusing fanfiction authors of writing their fic with AI, and nobody knows why - The Verge Massive Zelda Wiki Reclaims Independence Six Months Before Tears of the Kingdom - Kotaku Official Minecraft wiki editors so furious at Fandom's 'degraded' functionality and popups they're overwhelmingly voting to leave the site - PC Gamer Trials and Tribble-ations (episode) - Memory Alpha Apply to attend the Code Conference Transcript: Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Kate Cox and was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters, and our Executive Producer is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

We have a little surprise in the feed today: An episode of "Land of the Giants," which is all about Tesla this season. Former Verge transportation reporter Tamara Warren and former Jalopnik EIC Patrick George, who are both deeply sourced in the world of cars, host, and every episode has reporting and insight about Tesla that really hasn’t been shared before. It was ahead of the EV competition in basically every way for a long time. But the question Tamara and Patrick want to answer is: Is Tesla still winning by default? And where is the competition pulling ahead now that every carmaker is doing EVs? I joined them in this episode to discuss how modern cars, especially EVs, are being totally rethought as rolling computers. Learn more about your ad choices. Visit podcastchoices.com/adchoices

AWS is quite a story. It started as an experiment almost 20 years ago with Amazon trying to sell its excess server capacity. And people really doubted it. Why was the online bookstore trying to sell cloud services? But now, AWS is the largest cloud services provider in the world, and it’s the most profitable segment of Amazon, generating more than $22 billion in sales last quarter alone. By some estimates, AWS powers roughly one-third of the entire global internet. And on the rare occasion an AWS cluster goes down, an unfathomable number of platforms, websites, and services feel it, and so do hundreds of millions of users. Adam Selipsky was there almost from the start: he joined in 2005 and became CEO of AWS in 2019 when former AWS CEO Andy Jassy took over for Jeff Bezos as CEO of Amazon. Even with big competitors such as Microsoft and Google gaining ground, he estimates that only 10 percent of his potential customers overall have made the jump to the cloud. That leaves lots of room to grow, and I wanted to know where he thinks that growth can come from — and importantly, what will keep AWS competitive as the word “cloud” starts to mean everything and nothing. AWS is going big on AI, but it has some challenges. Adam and I got into all of it and into the weeds of what it means to be an AI provider at scale. It’s uncharted territory. Links: Big Three Dominate the Global Cloud Market Amazon’s server outage broke fast food apps like McDonald’s and Taco Bell Amazon names former exec Adam Selipsky as the new head of AWS AWS is ready to power AI agents that can handle busywork instead of just chatting Nvidia reveals H100 GPU for AI and teases ‘world’s fastest AI supercomputer’ Amazon plans to rework Alexa in the age of ChatGPT Sarah Silverman is suing OpenAI and Meta for copyright infringement Transcript: https://www.theverge.com/23824200/ai-cloud-amazon-aws-adam-selipsky Learn more about your ad choices. Visit podcastchoices.com/adchoices

ActivityPub is back in the news, thanks to Meta’s Threads launch and Elon’s continued immolation of Twitter — now X. That makes this the perfect time to dig into the Decoder archives to hear what Mastodon CEO Eugen Rochko thinks about the future of social media. Mastodon got a head start as the most well-known of the rising decentralized social networks, but that’s changing fast. Bluesky, on a competing protocol, is picking up steam and Threads promises to decentralize in the future, using the same ActivityPub protocol as Mastodon. That’s a big deal, with big potential. Verge Editor-at-Large David Pierce has been covering all this very closely. Before we jump into the interview with Rochko, I spoke with David to help update everyone on what ActivityPub even is, and what it could mean for the future of social media. Links: More than two million users have flocked to Mastodon since Elon Musk took over Twitter - The Verge A beginner’s guide to Mastodon, the hot new open-source Twitter clone - The Verge Elon Musk - The Verge Benevolent dictator for life - Wikipedia Mastodon Social Eugen Rochko (@Gargron@mastodon.social) Erase browser history: can AI reset the browser battle? - The Verge Twitter alternatives for the Musk-averse - The Verge We tried to run a social media site and it was awful | Financial Times Denial-of-service attack - Wikipedia Can ActivityPub save the internet? - The Verge Five reasons Threads could still go the distance - The Verge What's next for Threads - The Verge Transcript: https://www.theverge.com/e/23422689 Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. It was produced by Creighton DeSimone and Jackie McDermott and it was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters and our Executive Director is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today I’m talking to Anthony Casalena, the founder and CEO of Squarespace, the ubiquitous web hosting and design company. If you’re a podcast listener, you’ve heard a Squarespace ad. I was excited to talk to Anthony because it really feels like we’re going through a reset moment on the internet, and I wanted to hear how he’s thinking about the web and what websites are even for in 2023. If you’re a Vergecast listener, you know I’ve been saying it feels a lot like 2011 out there. The big platforms like Facebook and TikTok are very focused on entertainment content. Twitter is going through… let’s call them changes. People are trying out new platforms like Instagram Threads and rethinking their relationships with old standbys like Reddit. And the introduction of AI means that search engines like Google, which was really the last great source of traffic for web pages, just doesn’t seem that reliable anymore as it begins to answer more questions directly. It’s uncertain, and exciting: a lot of things we took for granted just a couple years ago are up for grabs, and I think that might be a good thing. I love talking to people who’ve been building on the web for this long, and Anthony was no exception – we had fun with this one. Also I think this is the most we have ever talked about pressure washers on Decoder. Links: Google sunsets Domains business and shovels it off to Squarespace - The Verge How Did Squarespace Know Podcasts Would Get This Big? - The New York Times Watch Squarespace CEO on Leveraging AI Into Website Building - Bloomberg Transcript: https://www.theverge.com/e/23559195 Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Jackie McDermott and Raghu Manavalan, and it was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters, and our Executive Producer is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today, I’m talking to Demis Hassabis, the CEO of Google DeepMind, the newly created division of Google responsible for AI efforts across the company. Google DeepMind is the result of an internal merger: Google acquired Demis’ DeepMind startup in 2014 and ran it as a separate company inside its parent company, Alphabet, while Google itself had an AI team called Google Brain. Google has been showing off AI demos for years now, but with the explosion of ChatGPT and a renewed threat from Microsoft in search, Google and Alphabet CEO Sundar Pichai made the decision to bring DeepMind into Google itself earlier this year to create… Google DeepMind. What’s interesting is that Google Brain and DeepMind were not necessarily compatible or even focused on the same things: DeepMind was famous for applying AI to things like games and protein-folding simulations. The AI that beat world champions at Go, the ancient board game? That was DeepMind’s AlphaGo. Meanwhile, Google Brain was more focused on what’s come to be the familiar generative AI toolset: large language models for chatbots, and editing features in Google Photos. This was a culture clash and a big structure decision with the goal of being more competitive and faster to market with AI products. And the competition isn’t just OpenAI and Microsoft — you might have seen a memo from a Google engineer floating around the web recently claiming that Google has no competitive moat in AI because open-source models running on commodity hardware are rapidly evolving and catching up to the tools run by the giants. Demis confirmed that the memo was real but said it was part of Google’s debate culture, and he disagreed with it because he has other ideas about where Google’s competitive edge might come into play. We also talked about AI risk and artificial general intelligence. Demis is not shy that his goal is building an AGI, and we talked through what risks and regulations should be in place and on what timeline. Demis recently signed onto a 22-word statement about AI risk with OpenAI’s Sam Altman and others that simply reads, “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.” That’s pretty chill, but is that the real risk right now? Or is it just a distraction from other more tangible problems like AI replacing labor in various creative industries? We also talked about the new kinds of labor AI is creating — armies of low-paid taskers classifying data in countries like Kenya and India in order to train AI systems. I wanted to know if Demis thought these jobs were here to stay or just a temporary side effect of the AI boom. This one really hits all the Decoder high points: there’s the big idea of AI, a lot of problems that come with it, an infinite array of complicated decisions to be made, and of course, a gigantic org chart decision in the middle of it all. Demis and I got pretty in the weeds, and I still don’t think we covered it all, so we’ll have to have him back soon. Links: Inside the AI Factory Inside Google’s AI culture clash - The Verge A leaked Google memo raises the alarm about open-source A.I. | Fortune The End of Search As You Know It Google’s Sundar Pichai talks Search, AI, and dancing with Microsoft - The Verge DeepMind reportedly lost a yearslong bid to win more independence from Google - The Verge Transcript: https://www.theverge.com/e/23542786 Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Jackie McDermott and Raghu Manavalan, and it was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters, and our Executive Producer is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Roblox has 66 million daily users, and people spent 14 billion collective hours on Roblox in just Q1 of 2023. But its CEO David Baszucki still wants to see the company grow. One idea? Aging up the kinds of experiences that are allowed on its platform. Roblox recently introduced 17+ experiences. It wants to add new AI world-building capabilities. It’s even partnering with advertisers to roll out more immersive ad experiences. It’s been years since the number of adults gaming outnumbered kids – it seems like that’s driving a lot of growth for everyone, including Roblox. But these virtual world games seem like they all want to expand to be much more than just for kids, and much more than just for games. If you think about it, Roblox is already like a metaverse. Schools are using it for classes, companies are starting to advertise there, and people are just hanging out as avatars. It’s already big, but the hope is to get much, much bigger. Alex Heath, deputy editor at The Verge, got the chance to chat with David up at Roblox headquarters in San Mateo, California. Their conversation covered a lot: why now’s the time for Roblox to grow up, the classic Decoder questions about structure and decision-making, and sadly, why infinite Robux isn’t a thing. Apologies to all the eight year olds out there. Okay, Roblox CEO David Baszucki. Here we go. Links: Roblox will allow exclusive experiences for people 17 and over Roblox, explained - The Verge Fortnite and Roblox are dueling for the future of user-built games - The Verge Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. It was produced by Raghu Manavalan and Jackie McDermott and it was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters and our Executive Director is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

If you’ve spent more than two minutes somewhere on social media, you have probably come across Gary Vaynerchuk. For years I have wondered, is this just a character? Or is there a real Gary Vaynerchuk somewhere behind “GaryVee,” the social media entrepreneur and internet brand? Gary got his start working at his family’s liquor store, which he turned into an online wine shop. That’s where he started in social media, hosting a long-running YouTube show called “Wine Library TV.” He parlayed that into the gigantic GaryVee brand, which at its core, is about entrepreneurship. Gary co-founded the restaurant reservation platform Resy, which he sold to American Express in 2019, and Empathy Wines which he sold in 2020. The Vaynerchuk empire remains vast, and it’s structured in complicated ways. There’s holding company VaynerX, which contains the ad agency VaynerMedia. There’s another company called Gallery Media which owns lifestyle websites. Gary even co-founded a sports agency – VaynerSports, with pro athletes like the NFL’s Kirk Cousins and Sauce Gardner on the roster, MLB shortstop Bo Bichette, and a variety of combat athletes. On top of all that, there’s a serious upheaval going on in digital media. The era of the social web is coming to a major moment of change, with new platforms like TikTok in the mix and old standbys like Twitter and Reddit going through complicated and controversial resets. New platforms bring new personalities and influencers, who are native to those platforms and maybe better at capturing the audience there. It’s one thing when you’re the first GaryVee. But staying GaryVee, in a time of change, and pitching brands and companies that his approach to social media will stay relevant, is an ongoing challenge. We got to chat with Gary at his Hudson Yards office in Manhattan and I will tell you, he did not hold back with his answers. Links: A trip to the GaryVee convention, where everyone is part of crypto’s 1 percent - The Verge How Gary Vaynerchuk Became an NFT Guru Gary Vaynerchuk expects NFTs to expand beyond digital collectibles long term | TechCrunch Transcript: https://www.theverge.com/e/23530741 Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. It was produced by Jackie McDermott and Raghu Manavalan. It was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters and our Executive Director is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The idea behind private equity or PE is simple: a private equity firm gathers up a bunch of cash, raises some investor cash and takes on a lot of debt to buy various companies, often taking them off the public stock market. Then, they usually install new management and embark on aggressive cost cutting and turnaround programs – mostly because they have to pay down all that debt pretty fast. Then, the company can be sold or taken public again for a hefty profit. But don’t worry—if it doesn’t work out, the PE firms are extracting fees at every step of the process so they get paid no matter what happens. In another world, these PE deals are just boring financing strategies or maybe the backbone of the occasional juicy corporate takeover story. In Decoder world, PE is everywhere. Since the modern PE industry kicked off in the 1980’s, it’s grown virtually unchecked, and as author Brendan Ballou explains, that’s had seriously negative consequences for all kinds of markets and consumers. Private equity affects everything from the modern nursing home industry, to the Solarwinds hack, one of the biggest hacks in U.S. history. Brendan Ballou is the author of Plunder: Private Equity’s Plan to Pillage America. Brendan is also a federal prosecutor and he served as Special Counsel for Private Equity in the antitrust division at the Department of Justice, so he’s uniquely suited to writing a book like this. Although he will be the first to tell you, the book does not reflect the views of the DOJ. This is a wonky episode, but it’s essential. Links: Plunder by Brendan Ballou How Private Equity Buried Payless - The New York Times Barnes & Noble is going back to its indie roots to compete with Amazon - Decoder, The Verge How arson led to a culture reboot at Traeger, with CEO Jeremy Andrus - Decoder, The Verge Opinion | Private Equity Is Gutting America — and Getting Away With It - The New York Times Ticketmaster, Taylor Swift, and antitrust – explained - The Verge What is chokepoint capitalism, with authors Cory Doctorow and Rebecca Giblin Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Jackie McDermott and Raghu Manavalan, and it was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters, and our Executive Producer is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Jennifer Witz is the CEO of SiriusXM. You probably know the company as the satellite radio brand in virtually every new car, but it also owns Pandora, a huge podcast network that includes Team Coco and 99% Invisible, a content operation with huge stars like Howard Stern, and has broadcast deals with every major sports league. SiriusXM is effectively the dominant market leader for built-in premium audio in cars, in a time when competition is increasing. As the infotainment system in cars gets ever more complex and computer-like, the Sirius experience has to keep up. On top of that, the state of car software is a mess. GM announced it won’t support Apple CarPlay in new EVs. Other companies are using various versions of Android. Tesla has its own platform. And Sirius has to support all of it with applications that compete with Big Tech companies, all while continuing to integrate the satellite hardware into the cars themselves — on top of launching satellites on SpaceX rockets. Links: After layoffs, SiriusXM looks to star-studded podcasts What Is SiriusXM with 360L? A Breakdown of the New Audio Platform SiriusXM CEO Calls Audio Ad Sales Market “Tough” Transcript: https://www.theverge.com/e/23514318 Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Jackie McDermott and Raghu Manavalan, and it was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Editorial Director is Brooke Minters, and our Executive Producer is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Microsoft CTO Kevin Scott oversees the company's AI efforts, including its big partnership with OpenAI and ChatGPT. Kevin and I spoke ahead of his keynote talk at Microsoft Build, the company’s annual developer conference, where he showed off the company’s new AI assistant tools, which Microsoft calls Copilots. Microsoft is big into Copilots. GitHub Copilot is already helping millions of developers write code, and now, the company is adding Copilots to everything from Office to the Windows Terminal. Basically, if there’s a text box, Microsoft thinks AI can help you fill it out, and Microsoft has a long history of assistance like this. You might remember Clippy from the ’90s. Well, AI Super Clippy is here. Microsoft is building these Copilots in collaboration with OpenAI, and Kevin manages that partnership. I wanted to ask Kevin why Microsoft decided to partner with a startup instead of building the AI tech internally, where the two companies disagree, how they resolve any differences, and what Microsoft is choosing to build for itself instead of relying on OpenAI. Kevin controls the entire GPU budget at Microsoft. I wanted to know how he decides to spend it. We also talked about what happened when Bing tried to get New York Times columnist Kevin Roose to leave his wife. Like I said, this episode has a little bit of everything. Okay. Kevin Scott, CTO and executive vice president of AI at Microsoft. Here we go. Links: Microsoft Build - The Verge Kevin Scott on Vergecast in 2020 GitHub Copilot gets a new ChatGPT-like assistant to help developers write and fix code - The Verge Hackers made Iran's nuclear computers blast AC/DC - The Verge Microsoft resurrects Clippy again after brutally killing him off in Microsoft Teams - The Verge Google’s Sundar Pichai talks Search, AI, and dancing with Microsoft - The Verge Congress hates Big Tech — but it still seems optimistic about AI - The Verge Hollywood writers to strike over low wages caused by streaming boom. - The Verge The 70 percent solution — CNN Sal Khan: How AI could save (not destroy) education | TED Talk Why a Conversation With Bing’s Chatbot Left Me Deeply Unsettled - The New York Times Responsible AI principles from Microsoft Microsoft has been secretly testing its Bing chatbot ‘Sydney’ for years - The Verge Transcript: https://www.theverge.com/e/23497429 Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Jackie McDermott and Raghu Manavalan, and it was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Sr. Audio Director is Andrew Marino, our Editorial Director is Brooke Minters, and our Executive Producer is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today – we’ve got a treat for you. We’re going to run a special episode from our friends over at Vox. Peter Kafka and his team just wrapped up a special 3-part series on AI. AI has captured the imagination of Silicon Valley. In fact, in the last few months, I’ve talked to both Google CEO Sundar Pichai and Microsoft CEO Satya Nadella about AI after they announced new AI-powered search products. And in the middle of the frenzy, it's hard to tell what's really going on. What exactly is AI, how does tech plan to re-design the world with it, and why are a bunch of smart people very, very worried? In this episode, they’re diving into the gold rush around AI. Figuring out what’s just hype, meeting the VCs that are hungry to invest, and finding out if there will be room for startups, or if the giants will just own it all. If you’re a Decoder listener, this is right up your alley. Thanks to Peter Kafka and Vox. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hello and welcome to Decoder. I’m Nilay Patel, editor in chief of The Verge, and Decoder is my show about big ideas, and other problems. We have a special episode today – I’m talking to Sundar Pichai, the CEO of Google and Alphabet. We hung out the day after Google IO, the company’s big developer conference, where Sundar introduced new generative AI features in virtually all of the company’s products. It’s an important moment for Google, which invented a lot of the core technology behind the current AI moment – the company is quick to point out the T in chatGPT stands for Transformer, the large language model tech first which was invented at Google. But openAI and others have been first to market with generative AI products — and openAI in particular has partnered with Microsoft on a new version of Bing that feels like the first real competitor to Google search in a long time. So I wanted to know what Sundar thinks of this moment – and in particular, what he thinks of the future of search, which is the heart of Google’s business. Web search right now can be pretty hit or miss, right? There’s a lot of weird content farms out there, and AI-based search might be able to just answer questions in a more natural way. But that means remaking the web, and really, remaking Google. Sundar is already going down that path – he just reorganized Google and Alphabet’s AI teams, moving a company called DeepMind inside Google and merging it with the Google Brain AI group to form a new unit called Google DeepMind. I can’t resist an org chart question, so we talked about why he made that call – and how he made it. We also talked about Sundar’s vision for Google – where he wants it to go, and what’s driving his ambition to take the company into the future. This is a jam-packed episode – we talked about a lot, and I didn’t even get to Google’s AI metadata plans, or what’s going on with RCS and Android. Maybe next time. Links: The nine biggest announcements from Google I/O 2023 What happens when Google Search doesn't have the answers? Microsoft thinks AI can beat Google at search — CEO Satya Nadella explains why Let’s chat about RCS - The Verge Transcript: https://www.theverge.com/e/23484772 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Brian Chesky, the co-founder and CEO of Airbnb, was previously on the show in 2021. Back then, Airbnb was betting big on long-term stays for remote work amid the pandemic, and Chesky had just restructured the company to a more functional organization, getting rid of the divisions it had before. Now, the pandemic is ending, Airbnb has itself adopted a hybrid policy, Chesky’s back in the office several days a week, and they’re two years into that new structure. So that’s pure Decoder bait. I wanted to ask Chesky how that restructure is going. Has it really made the company more agile and cohesive like he hoped? Has the bet on working from anywhere paid off? Links: Brian Chesky's tweet announcing the summer 2023 launch Microsoft thinks AI can beat Google at search — CEO Satya Nadella explains why Samsung caught faking zoom photos of the Moon Why the future of work is the future of travel, with Airbnb CEO Brian Chesky Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Creighton DeSimone and Jackie McDermott and it was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Sr Audio Director is Andrew Marino and our Executive Producer is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices