Is the AI landscape shifting? This podcast explores the groundbreaking work of DeepSeek, a Chinese AI company that's making waves with its powerful and affordable large language models. We examine:•DeepSeek's origins: From a hedge fund to a cutting-edge AI research lab, we uncover the story of DeepSeek's founding and its unique approach to AI development....•Open-source models: Learn about DeepSeek's commitment to open-source AI, including models like DeepSeek-R1 and DeepSeek-V3, and how they compare to models from OpenAI....•Reasoning capabilities: Discover how DeepSeek is focusing on advanced reasoning capabilities using techniques like reinforcement learning....•The challenge to US dominance: We discuss how DeepSeek is disrupting the established AI industry and what this means for companies like Nvidia, Microsoft, and OpenAI....•Cost-effectiveness: Find out how DeepSeek achieves impressive performance at a fraction of the cost of its competitors....•Implications for the future: We explore how DeepSeek could democratise AI and what it means for global competition....Join us to understand how DeepSeek is reshaping the future of artificial intelligence.