DeepSeek-R1 is a new AI model developed by Chinese company DeepSeek that has gained buzz due to its capabilities and ease of use. It's an open-source model that can be downloaded and run locally using the Ollama tool, which also provides a free, open-source platform for running Natural Language Processing models. The model excels in problem-solving, reasoning, and coding, making it a strong contender against other AI models. To set up DeepSeek-R1 on your local machine, you'll need to install Ollama and then download the model, verify its installation, run it, and ask queries using the Ollama tool. The model is also compatible with SingleStore, an all-in-one data platform that provides a powerful solution for AI integration, offering privacy, speed, and control over applications. Using SingleStore, you can build RAG (Recurrent Autoencoder-based Generative) applications that utilize DeepSeek-R1, providing a powerful solution for AI-driven projects.