In this crossover episode with Truth of the Matter, we discuss the origins of Chinese AI Company DeepSeek (0:55), the release of its DeepSeek R1 model and what it means for the future of U.S.- China AI competition (3:05), why it prompted such a massive reaction by U.S. policymakers and the U.S. stock market (14:04), and the Trump administration's response (24:03)