Welcome to Democracy-ish. I'm Danielle Moody. And I'm Wajatili, who couldn't have his

omelet today because the price of my eggs are soaring. So instead, I'm going to get by on some water

or some little bit of water, Danielle. Oh, we'm going to get by on some water or some little bit of water.

Oh, we are going to get to the price of eggs and to the price of all things in a moment, but we have some,

dun-dun-da, breaking news. And Woj, walk us through this breaking news because I got to tell you, you stay on it, and I appreciate that.

So here we are.

A cheaper AI alternative from a Chinese startup sends U.S. stocks plunging and threatens the aura of invincibility surrounding America's tech industry.

Walk us through.

So Danielle had a fantastic graphic for today.

She's like, let's talk about the economy and the price of eggs.

And I said, Danielle, did you hear about DeepSeek?

She goes, tell me more.

And Deep Seek, folks.

I'm so glad that Daniel brought this up.

Let's read it out.

It's worth it.

One-year-old startup, Chinese startup, revealed last week a stunning capability.

It presented a chat-GPT-like AI model called R1.

Has all the familiar abilities of chat GPT.

It operated at a fraction of the cost of Open AI or Google or Meadows popular AI models.

The company said it spent, wait for it, 5.6 million, I didn't say B, I didn't say T,

million dollars on computing power for his base model compared with the hundreds of millions or billions of dollars U.S. companies spend on their AI technologies.

...