New Delhi, May 2 -- China is rapidly emerging as a force in Artificial Intelligence services, with its open-source models processing a volume of tokens comparable to US counterparts, while Europe faces growing economic and geopolitical friction over the ongoing conflict between the US and Iran, according to a research report by Jefferies.

The brokerage firm said that data from OpenRouter shows China's top nine AI models processed 4.37 trillion tokens in the week ended April 26, compared with 4.98 trillion for US models. This follows a record 12.96 trillion tokens processed by Chinese models in the week ended April 5, outpacing US models' 3.03 trillion. The trend highlights China's ability to leverage cheap energy and computing power to e...