What changed
OpenAI co-founder and president Greg Brockman stated that the company could be ready for an IPO in 2027, emphasizing that its enterprise revenue has been growing. Speaking at a Wall Street Journal tech conference, Brockman highlighted the company's progress in the enterprise market, where rival Anthropic had already made inroads. He acknowledged that the first and second quarters of 2026 were 'pretty rough,' but noted that by the third quarter, activity picked up with 70% quarterly growth in annualized revenue. Brockman attributed this growth to the enterprise side of the business doubling, with the majority of OpenAI’s revenue now coming from this segment.
What this means in practice
Brockman explained that the growth in enterprise revenue is the result of cumulative investments rather than a single quarter's performance. He mentioned a recent partnership with JPMorgan Chase as an example of the type of enterprise clients OpenAI is now winning deals with. The company has shifted its focus to helping businesses identify key milestones with its AI technology, build trust, and demonstrate long-term reliability as a partner. Brockman noted that a year ago, OpenAI was not perceived as a serious enterprise player, but this perception has changed significantly.
Limitations and availability
The supplied announcement does not specify the exact timeline for the IPO or the conditions under which it would occur. Brockman’s comments reflect the company's current confidence in its enterprise growth, but no concrete details about the IPO process or market readiness were provided. The focus remains on the company's trajectory in the enterprise market and its evolving role as a business partner.
