Diffusion probabilistic models (DPMs) have achieved remarkable quality in image generation that rivals GANs'. But unlike GANs, DPMs use a set of latent variables that lack semantic meaning and cannot serve as a useful representation for other tasks. This paper explores the possibility of using DPMs for representation learning and seeks to extract a meaningful and decodable representation of an input image via autoencoding. Our key idea is to use a learnable encoder for discovering the high-level semantics,