Kevin Szczepanski welcomes Adam Segal, the Ira A. Lipman Chair in Emerging Technologies and National Security and director of the Digital and Cyberspace Policy Program with the Council on Foreign Relations. They discuss the global AI race, particularly focusing on the launch of DeepSeek’s AI model R1. Kevin and Adam dig into how DeepSeek's advancements surprised many as its open-source model raised questions about AI leadership, export controls, and the development models driving AI progress. The conversation also touches on the implications of AI in foreign policy; the regulatory approaches of the US, EU, and China; and the potential impact of AI on various sectors, including military and economic domains. The discussion concludes with insights on the importance of understanding AI liabilities and the need for businesses to adapt to the rapid advancements in AI technology.