Decoder with Nilay Patel · 2026-03-30 · 64 min · 13,125 words

Okta's CEO is betting big on AI agent identity

Listen to the original audio · Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio

Hogging seats on a crowded train, not saying excuse me, watching videos on your phone with no headphones in. Sometimes it feels like we don't know how to act anymore. What we have been seeing, increasingly, is people breaking rules. Why should I play by the rules if nobody else is going to do that for me? This week on Explain It to Me, how to mind your manners.

New episodes Sundays wherever you get your podcasts. Hello and welcome to Decoder. I'm Neil I Patel, editor in chief of The Verge, and Decoder is my show about big ideas and other problems. Today I'm talking with Todd McKinnon, the co-founder and CEO of Okta, a platform that lets companies manage security and identity across all the apps and services their employees might use. Think of it like login management.

Actually, that's a great way to think about it, because the way most people encounter Okta is that it's the thing that makes you log in again right before joining a meeting several times a week, which makes you late and then you have to apologize. Can you tell we use Okta? Anyhow, all that is a big business. Okta has a $14 billion market cap. But big software as a service companies like Okta are suddenly under a lot of pressure in the age of AI.

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