New Delhi, June 26 -- The emergence of low-cost artificial intelligence (AI) models is unlikely to slow AI investments. Instead, it could increase demand for computing infrastructure, according to a report by global brokerage Jefferies.

The report said the launch of Chinese AI company Z.ai's GLM-5.2 model marks another key development in the AI industry. It said the model has intensified competition with leading Western AI firms while reducing inference costs.

"The past week has seen another DeepSeek moment," the report said, referring to the growing competition from Chinese AI developers.

Jefferies said GLM-5.2 delivers performance close to leading enterprise AI models at a much lower operating cost. Lower costs could encourage wider ...