Skip to navigationSkip to main contentSkip to right columnProactiveFri, June 26, 2026 at 4:05 PM GMT+2 2 min readJefferies' Christopher Wood flags a "DeepSeek moment" as cheaper Chinese models gain ground on Western incumbentsThe launch of a low-cost Chinese artificial intelligence model has been described by Jefferies strategist Christopher Wood as another "DeepSeek 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.