In this podcast, Peter Diamandis and Kai-Fu Lee dive into the future of AI, with a special focus on Generative AI. Lee, who has shifted from venture capitalist to entrepreneur, founded 01.AI to create affordable and accessible Generative AI solutions tailored for the Chinese market. They explore the challenges Google faces as an innovator, compare the strengths of US innovation with China's execution, and discuss 01.AI's open-source strategy. The conversation also touches on the rapidly falling costs of AI models and the societal implications of AI, such as job displacement and safety issues. Additionally, Lee introduces Beagle, a US-based AI search engine he helped develop, designed to deliver precise answers to user queries.