Chinese AI model emerges as fresh threat to Anthropic ahead of planned float
Key takeaways
- The launch of a low-cost Chinese artificial intelligence model has been described by Jefferies strategist Christopher Wood as another "Deep Seek moment" for the technology sector.
- Wood, author of the bank's widely read Greed & fear note, said the GLM-5.2 model from Hong Kong-listed Z.ai, formerly Zhipu AI, was almost a match for Anthropic in the corporate market at a quarter of the cost per token.
- The challenge lands as Anthropic, the US AI developer behind the Claude chatbot, prepares for a planned stock market listing.
Chinese AI model emerges as fresh threat to Anthropic ahead of planned float Proactive Fri, June 26, 2026 at 9:05 PM GMT+7 2 min read 2513.HK Jefferies' Christopher Wood flags a "Deep Seek moment" as cheaper Chinese models gain ground on Western incumbents. The launch of a low-cost Chinese artificial intelligence model has been described by Jefferies strategist Christopher Wood as another "Deep Seek moment" for the technology sector.
Wood, author of the bank's widely read Greed & fear note, said the GLM-5.2 model from Hong Kong-listed Z.ai, formerly Zhipu AI, was almost a match for Anthropic in the corporate market at a quarter of the cost per token.
The challenge lands as Anthropic, the US AI developer behind the Claude chatbot, prepares for a planned stock market listing.