DeepSeek R1 is shaking up the AI industry, and Jim Carter is here to spill it all on why this new model from China is causing such a stir. DeepSeek does it all by handling text, images, audio, and video. But the real game-changer? It's open-sourced! This move has sparked a wave of innovation, with developers creating over 500 models and racking up 2.5 million downloads on platforms like Hugging Face. This openness is exactly what the AI community needs to keep evolving.DeepSeek's impact is undeniable. It's got tech giants like NVIDIA, OpenAI, and Meta scrambling to reassess their strategies. Why? Because DeepSeek offers AI services at a fraction of the cost, potentially 20 to 40 times cheaper than OpenAI. And it's doing all this with less advanced hardware, thanks to its Mixture-of-Experts architecture and efficient training methods. This could shift the AI landscape towards more cost-effective solutions, making AI accessible to more businesses and developers.Jim highlights how DeepSeek's rise also underscores China's growing role in AI innovation, challenging the U.S. dominance in the field. With DeepSeek hitting No. 1 on Apple’s App Store, it's clear that people are ready for alternatives, and competition in AI is heating up.Key insights? DeepSeek is a sign of a new era in AI—more open, collaborative, and accessible. It's a wake-up call for the industry to rethink strategies and embrace innovation. For listeners, it's an exciting time to dive into AI, whether you're a developer, business owner, or tech enthusiast.Join the conversation in his Fast Foundations community at fastfoundations.com/slack. It's where Jim shares the latest in AI in a simple, digestible way so you can benefit from it in your everyday life. He runs it for people like you who love this space. And right now, it's open for enrollment.  Networking & Collaborations AI Insights & Tools Showcase Monthly Q&A “office hours” calls with Jim A 1:1 Welcome Call with Jim and more!Check it out here: https://fastfoundations.com/slack 🔗Take it a step further and explore how AI can transform your business, especially if you have your own podcast by checking out https://bara.ai

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