Decoder with Nilay Patel

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 Shishir’s credit, he did not cancel our interview and he came on and stuck it out. This conversation got tense at times, and it’s clear we disagree about how extractive AI feels for people. There’s a lot in this one, and I’m excited to hear what you think. Read the full interview transcript on The Verge. Links: Why I’m suing Grammarly | New York Times Grammarly will stop using identities without permission | The Verge Grammarly to keep using writer identities unless they opt out | The Verge Grammarly turned me into an AI editor and I hate it | Platformer Grammarly is using our identities without permission | The Verge Grammarly is changing its name to Superhuman | The Verge Grammarly wants to become an ‘AI productivity platform’ | The Verge Viacom v. YouTube, 2007 | Electronic Frontier Foundation 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. This episode was edited by Xander Adams. Our editorial director is Kevin McShane.  The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 here, including the biggest question I’ve had throughout this entire saga: why would anyone want to buy Warner, which has basically killed every acquirer it’s had for the last quarter century? Links:  David Ellison’s plan to compete with Netflix: Paramount+HBO | Rich Greenfield The worst acquisition in history, again | Prof G Media David Zaslav gets the last laugh | THR Warner Bros. Discovery agrees to Paramount merger | The Verge Tech, TV, Movies & News: Ellisons on brink of colossal empire | NYT Pete Hegseth says ‘the sooner David Ellison’ buys CNN, ‘the better’ | NYT Warner Bros CEO to pocket $887 million from Paramount deal | Reuters 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

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 Google? Links:  Yahoo sells Engadget to Static Media | The Verge Yahoo sells TechCrunch to Regent | The Verge Yahoo Finance launches crypto partnership with Coinbase | Yahoo Yahoo Scout looks like more web-friendly AI search | The Verge Yahoo Finance launches crypto deal with Polymarket | Yahoo Finance Yahoo resurrects Artifact inside AI-powered news app | The Verge Yahoo Mail adds more AI to simplify desktop email | 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

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 very ugly legal battle with the Pentagon. Instead of covering the daily drama, I wanted to dig in specifically on Anthropic's surveillance red line, and the important history and context around digital privacy in the U.S. that shapes how we should think about this going forward.  Links: AI bros wanted Trump — now they learn what happens when you tell him no | Techdirt OpenAI’s ‘red lines’ are written in the NSA’s dictionary | Techdirt Anthropic is suing the Department of Defense | The Verge Anthropic launches new think tank amid Pentagon fight | The Verge How OpenAI caved to the Pentagon on AI surveillance | The Verge Inside the backlash to the AI war machine | Platformer The Pentagon is violating Anthropic's First Amendment rights | FIRE Why the Pentagon wants to destroy Anthropic | Ezra Klein / NYT 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

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 full interview transcript on The Verge. Links:  Chris Cocks on Decoder (2023) | The Verge Hasbro just made a massive ‘Harry Potter’ Announcement | Parade Businesses push for tariff refunds as Trump aides hint at fight | New York Times We’re finally seeing more of Hasbro’s forgotten space game | PC Gamer Xbox in is danger. Will Microsoft save it, or kill it? | Decoder OpenAI’s billion-dollar deal puts Mickey Mouse in Sora | The Verge A comprehensive timeline of JK Rowling’s descent into transphobia | Them 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 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 creates a long list of very predictable problems. Read the full interview transcript on The Verge. Links: Prediction markets want to eat the news | The Verge How anonymous bettors cashed In on the Iran strike | NYT With Iran, Kalshi & Polymarket Bet on the Depravity Economy | 404 Media Polymarket pulls bet on nuclear detonation in 2026 | 404 Media Polymarket defends betting on war as ‘invaluable’ | The Verge Someone made a ton of money betting on Maduro’s capture | The Verge Are prediction markets gambling? Robinhood CEO bets no | Decoder Prediction markets roll out war bets beyond Washington’s reach | Bloomberg Polymarket partners with Substack for some reason  | The Verge It’s MAGA v Broligarch in the battle over prediction markets | 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 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 agents, and we spent a lot of time talking about whether a business as local and as relationship driven as real estate can benefit from platform-level scale in the way he’s proposing. Read the full interview transcript on The Verge. Links:  Zillow’s new AI staging feature is impressively unimpressive | The Verge Zillow’s upgraded AI search will show you more homes you can’t afford | The Verge Zillow adds DMs so you can chat about homes you’ll never buy | The Verge FTC accuses Zillow of paying $100 million to ‘dismantle’ Redfin | The Verge Housing is frozen. Wacksman knows you’re still scrolling | NYT Wacksman on the US housing market | Bloomberg Talks 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. This was edited by Xander Adams. 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 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 newsletter. Tom is actually on parental leave right now, but Microsoft has a longstanding habit of disrupting his well-earned time off. So, Tom was gracious enough to come on the show after publishing a major scoop about what went down at Xbox this past week. Read the full interview transcript on The Verge. Links: Inside Microsoft’s big Xbox leadership shake-up | The Verge Billions of dollars later and still nobody knows what an Xbox is | The Verge Xbox chief Phil Spencer is leaving Microsoft | The Verge Read Xbox chief Phil Spencer’s memo about leaving Microsoft | The Verge Here’s what Xbox is working on for 2026 | The Verge AMD hints Microsoft could launch its next-gen Xbox in 2027 | The Verge The next Xbox is going to be very different | The Verge Xbox co-founder believes it’s being ‘sunsetted’ in favor of AI | VGC 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. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 of course I had to bring Hank back on to talk all about it. Read the full interview transcript on The Verge. Links:  Greens’ studio becomes nonprofit as they aim to make ‘trustworthy content’ | AP Hank Green makes Nilay Patel explain why websites have a future | Decoder (2024) Why Hank Green can’t quit YouTube for TikTok | Decoder (2022) Hank Green and Sam Reich on running content companies | Decoder Hank Green and Sal Khan on AI in educational video | Decoder 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 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 on Verge senior AI reporter Hayden Field, who's been covering the revolving door of the AI industry really closely and also the broader culture that's motivating workers to jump ship.  Links: What’s behind the mass exodus at xAI? | The Verge OpenClaw founder Peter Steinberger is joining OpenAI | The Verge Two more xAI co-founders leave after the SpaceX merger | The Verge AI safety leader says 'world is in peril' and quits to study poetry | BBC OpenAI is making the mistakes Facebook made. I quit. | NYT Anthropic’s chief on AI: ‘We don’t know if the models are conscious’ | NYT Meet the one woman Anthropic trusts to teach AI morals | WSJ OpenAI plans fourth-quarter IPO in race to beat Anthropic to market | WSJ 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 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 company Flock, the company is now facing hard questions about its plans to use AI to promote safer neighborhoods, and how that intersects with its ongoing relationship with law enforcement.  Links:  Ring cancels partnership with Flock after surveillance backlash | The Verge Ring’s lost dog ad sparks backlash amid fears of surveillance | The Verge Ring says it’s not giving ICE access to its cameras | The Verge How police recovered Nancy Guthrie’s Nest Doorbell footage | The Verge Ring’s Jamie Siminoff thinks AI can reduce crime | Decoder Ring CEO says cameras can almost ‘zero out crime’ within 12 months | The Verge ICE taps into nationwide AI camera network, data shows | 404 Media ICE, Secret Service had access to Flock's camera network | 404 Media 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

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 law.  Links:  All rise for JudgeGPT | The Verge Why do lawyers keep using ChatGPT? | The Verge Judge berates AI entrepreneur for using a generated ‘lawyer’ | The Verge Judge slams lawyers for ‘bogus AI-generated research’ | The Verge LexisNexis CEO says the AI law era is already here | Decoder ChatGPT can be a disaster for lawyers — Robin AI wants to fix that | Decoder Considerations In building guardrails for AI use In arbitration | Law360 The AI Arbitrator: What it is, what it isn’t, and where it’s going | Law360 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. This episode was edited by Chris Jereza and 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

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 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 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