Unlike its biggest competitor, OpenAI , Anthropic doesn't appear to be backing away from its IPO.

Anthropic, the AI giant behind the Claude chatbot, is preparing for an IPO roadshow, according to an announcement from the company. An IPO roadshow is basically a series of sales presentations to potential investors in order to gauge interest and set a final share price.

Interestingly, Anthropic is looking to go public at a $1.4 trillion valuation. This is lower than investor expectations, which reportedly reached $2 trillion just two months ago.

Anthropic's decision to go forward with an IPO is in sharp contrast to the approach of its largest competitor, OpenAI, which has largely shied away from doing so anytime in the near future. Anthropic beat OpenAI to an IPO filing earlier this summer when both AI companies were still pursuing a public stock offering.…