OpenAI President Greg Brockman has said the artificial intelligence company could be ready for an initial public offering (IPO) in 2027, as its enterprise business has become its largest source of revenue.
Speaking at a Wall Street Journal technology conference in Napa, California, on Wednesday, November 4, Brockman said enterprise customers now account for the majority of OpenAI’s revenue. When asked whether the company would be ready to go public next year, he responded, “I think so.”
The development marks a shift in OpenAI’s business as it expands its focus on corporate customers and competes with rival AI company Anthropic in the enterprise market. OpenAI has been increasing its business sales and promoting its Codex AI agent as part of this strategy.
The company’s growing enterprise business follows an earlier period in which it faced challenges gaining traction with corporate customers. Its recent efforts have focused on strengthening its position in business AI and expanding the use of its products across organisations.
OpenAI has also been working to raise additional funds to support its growth. Reuters has previously reported that the company has been stepping up its fundraising efforts after delaying its IPO plans.
Anthropic, one of OpenAI’s key competitors, is also reportedly preparing for a possible public listing before the end of 2026. The developments point to growing competition among major AI companies as they seek to expand their commercial businesses and prepare for potential stock.
....){kind=link}