AI is a money pit — here’s why investors don’t mind

We’re doing something a little different today — I asked my friend John Gruber of Daring Fireball to come on the show and talk about the future of Apple, and, importantly, the App Store. I wanted to talk about the most recent ruling in the Epic v. Apple legal saga. But I also wanted to talk about the big picture at Apple, and why the company seems to have found itself being hammered on all sides: by the developers that feel it’s become too greedy, by federal court judges that no longer trust it, and by regulators now threatening some of its major cash cows.  Links:  Judge rules, in excoriating decision, that Apple violated 2021 order | Daring Fireball Steve Jobs’ response on Section 3.3.1 | Tao Effect Blog Epic submitted Fortnite to Apple | Verge Eddy Cue is fighting to save Apple’s $20 billion paycheck from Google | Verge Epic is offering developers an alternative to Apple’s in-app purchases | Verge Epic says Fortnite is coming back to iOS in the US | Verge Apple files appeal to wrest back control of its App Store | Verge ‘Cook chose poorly’: how Apple blew up its control over the App Store | Verge Apple changes App Store rules to allow external purchases | Verge Existential thoughts about Apple’s reliance on Services revenue | Six Colors Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright.  The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today, I’m talking with Paul Bascobert, who is the president of Reuters, as part of a special Thursday series we’re running this month to explore how leaders at some world’s biggest companies make decisions in such a rapidly changing environment. Reuters is a great company for us to kick off with, because it’s been around since 1851, when the hot technology enabling mass media was the telegraph.  Here, today, in 2025, the tech driving media has clearly changed more than a little bit. Distribution in a world full of iPhones and generative AI is a really different proposition than distributing media 50 years before the invention of the radio. So there’s a lot here, and you’ll hear Paul and I get deep into basically every Decoder theme there is. Links:  The Trust Principles | Reuters Brendan Carr’s FCC is an anti-consumer, rights-trampling harassment machine | Verge AP wins reinstatement to White House events | AP  NYT publisher AG Sulzberger on Trump, OpenAI and the economy | Channels Dow Jones CEO Almar Latour on AI, press freedom, and the future of news | Decoder Platforms need the news — but they’re killing it | Decoder Why The Atlantic signed a deal with OpenAI | Decoder Platformer’s Casey Newton on surviving the great media collapse | Decoder Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright.  The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey everyone, it’s Nilay. We’re off today, but we’ll be back Thursday, so stay tuned. In the meantime, we have an excellent episode from Business Insider Chief Correspondent Peter Kafka, who hosts the media podcast Channels. In this episode, Peter sat down with one of the biggest names in journalism: New York Times publisher AG Sulzberger. It’s a fascinating conversation that covers some of the most pressing issues facing journalism and the news business today. We think you’ll like it.  Links: NYT publisher AG Sulzberger on Trump, OpenAI and the economy | Channels New York Times Reports 350,000 Additional Digital Subscribers | NYT IGN and CNET owner Ziff Davis sues OpenAI | Verge The New York Times is suing OpenAI and Microsoft for copyright infringement | Verge Dow Jones CEO Almar Latour on AI, press freedom, and the future of news | Decoder Platforms need the news — but they’re killing it | Decoder Why The Atlantic signed a deal with OpenAI | Decoder Platformer’s Casey Newton on surviving the great media collapse | Decoder Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright.  The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

A lot has happened in the first 100 days of Trump's second term. It’s nearly too much to keep up with, really, but we're going to try. Verge policy editor Adi Robertson joins Decoder this week to talk through six of the biggest stories and themes we're covering, from tariffs to TikTok to DOGE. Links:  Donald Trump’s first 100 days: all the news affecting the tech industry | Verge The DOGE days have just begun | Verge America is living in tariff limbo | Verge MAGA’s next wave of influencers saved TikTok | Verge Whatever happened to the Kids’ Online Safety Act? | Verge Brendan Carr’s FCC is an anti-consumer, rights-trampling harassment machine | Verge Environmental warning systems are suffering from Trump’s data purge | Verge Why Trump can’t be trusted with Congress’ new anti-deepfake bill | Decoder How Trump’s tariffs actually work on the ground | Decoder The FCC is a weapon in Trump’s war on free speech | Decoder Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright.  The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

A few days ago, I hosted a panel with FTC commissioners Rebecca Slaughter and Alvaro Bedoya at the IAPP Global Privacy Summit in Washington, DC. We recorded the discussion, and we’re bringing it to you today. Normal Decoder stuff, but these are anything but normal times. Becca and Alvaro were FTC commissioners until very recently, when President Donald Trump fired them — but he doesn't have that legal authority. They’re suing to get their jobs back, and they’re prepared to go all the way to SCOTUS if they have to. Links:  Trump fires Democratic FTC commissioners | The Verge Fired FTC commissioners sue Trump | The Verge The case for breaking up Google has never been stronger | The Verge The government doesn’t understand Meta | The Verge FTC v Meta live: updates from the battle for Instagram, WhatsApp | The Verge DOGE has arrived at the FTC | The Verge Inside Mark Zuckerberg’s failed negotiations with the FTC | Wall Street Journal FTC chair says he’d drop Meta case if lawfully ordered to | The Verge Bedoya warns of “corrupting influence of billionaires”| The Verge The FTC has enough staff to sue Amazon, after all | The Verge Transcript: ⁠https://www.theverge.com/e/657115⁠ Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright.  The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices