Let $\kappa$ be a regular cardinal. It seems reasonable to introduce the following definition:
Definition. A simplicial set $K$ is $\kappa$-sifted if, for every set $E$ with $\lvert E\rvert<\kappa$, the diagonal functor $K\to K^E$ is cofinal.
It follows from [Lurie: Higher Topos Theory, Prop 5.3.1.22] that every $\kappa$-filtered $\infty$-category is $\kappa$-sifted. On the other hand, the category ${\mathbf\Delta}^{\operatorname{op}}$ seems to be $\kappa$-sifted since the product of any $\kappa$'s simplices is still weakly contractible.
I wonder:
Is there any study of this notion in the literature?
To what extent, $\kappa$-sifted colimits = $\kappa$-filtered colimits + geometric realizations?For example, let $F\colon\mathcal C\to\mathcal D$ be a functor. Under what mild assumptions on $\mathcal C$ and $\mathcal D$, it is true that, if $F$ preserves geometric realizations and is $\kappa$-accessible, then it preserves $\kappa$-sifted colimits? I am aware of the following references when $\kappa=\aleph_0$:Suppose that $\mathcal C$ has small colimits. Then it is true, as proved in [Joyal: On Logoi, §33.24] or [Lurie: Higher Topos Theory, Cor 5.5.8.17].
In the 1-category situation, and suppose that $\mathcal C$ has small limits, it is true, as proved in [Adámek–Rosický–Vitale, On Algebraically Exact Categories and Essential Localizations of Varieties].
However, I am more interested in the situation that $\kappa>\aleph_0$, and hopefully it is simpler than the case that $\kappa=\aleph_0$.
Update: it seems that usual constructions and statements work for $\kappa$-sifted case as well. For example, let $\mathcal C^0$ be a small $\infty$-category with $\kappa$-small coproducts. Then we can define $\mathcal P_{\Sigma^\kappa}$ to be the $\infty$-category of $\kappa$-small-product-preserving presheaves $(\mathcal C^0)^{\operatorname{op}}\to\operatorname{An}$, and in this situation, letting $\mathcal D$ be a cocomplete $\infty$-category, then $\kappa$-sifted-colimit-preserving functors $\mathcal P_{\Sigma^\kappa}(\mathcal C^0)\to\mathcal D$ is the same as functors $\mathcal C^0\to\mathcal D$, and so forth.