This interview podcast features Salim Ismail and Emad Mostaque discussing the impact of DeepSeek, a Chinese AI company, on the AI market. The conversation begins with an overview of DeepSeek's surprisingly low-cost, high-performance AI models and their rapid market impact, including the stock market reaction. They then delve into comparisons with OpenAI's models, the role of engineering innovation, and the implications for the US-China AI competition. Finally, the discussion shifts to AI safety concerns, the future of work in the age of AGI (Artificial General Intelligence), and Mostaque's vision for Intelligent Internet, a company aiming to create open-source AI infrastructure for global benefit. One key takeaway is that DeepSeek's models are estimated to be 96% cheaper to train than OpenAI's, highlighting the potential for significant cost reductions in AI development.