This co-hosted tech podcast discusses the impact of DeepSeek R1, a new Chinese AI chatbot, on the AI landscape. The hosts begin by outlining DeepSeek's capabilities and its surprisingly low cost, contrasting it with the high costs of models like ChatGPT. They then discuss the reaction within OpenAI, revealing a mixture of surprise and a recognition that cost reduction in AI is inevitable. The conversation shifts to the broader implications for the AI industry, including the potential for a democratization of AI tools and the challenges faced by large tech companies. Finally, an expert from Cambridge University provides insights into the engineering and organizational aspects of DeepSeek's success, highlighting the potential for more efficient AI development models in the future.