OpenAI co-founder and president Greg Brockman announced that the artificial intelligence company could be ready for an initial public offering in 2027, driven by strong growth in its enterprise revenue. Speaking at a Wall Street Journal tech conference on Wednesday, Brockman stated that the organization has made significant progress and feels extremely confident about its business trajectory as it gains ground in the competitive corporate market.
Brockman detailed how OpenAI shifted its position after a rough start to 2026, during which it initially lagged behind competitors like Anthropic in areas such as agentic coding. However, by the third quarter, OpenAI experienced a 70% quarterly increase in annualized revenue, with the enterprise sector doubling its contribution. Today, the majority of OpenAI's revenue comes from enterprise clients, up from roughly 30% previously, supported by major partnerships like the one secured with JPMorgan Chase.
This strategic expansion into the corporate sector marks a major evolution for an organization previously perceived primarily as a consumer-focused AI provider. By building long-term trust and demonstrating reliability, OpenAI has successfully transformed its market presence and cemented its financial standing ahead of potential public market entry. Why it matters: Preparing for a 2027 IPO signals OpenAI's maturation into a dominant commercial enterprise capable of scaling massive AI operations sustainably.