OpenAI’s co-founder and president, Greg Brockman, announced the company’s readiness for an IPO by 2027, highlighting its expanding enterprise revenue. During a presentation at a Wall Street Journal tech conference on Wednesday, Brockman emphasized OpenAI’s progress in the enterprise sector, a domain where competitor Anthropic had previously established a strong presence.
When asked by the interviewer about the company’s IPO readiness for the coming year, Brockman confidently responded, “I think so. Yes.”
Brockman stated, “We have consistently communicated our intention to go public when the timing is optimal for us, and I feel exceptionally positive about the business. I believe we have achieved significant milestones this year, and my confidence in our direction has never been stronger.”
He elaborated on OpenAI’s evolution within the enterprise landscape throughout 2026, acknowledging that the initial two quarters were “quite challenging.” Brockman also conceded that OpenAI was “not even considered” in the realm of agentic coding, a segment where Anthropic’s Claude Code had successfully captured market share.
“While we possessed Codex, it wasn’t a topic of discussion,” Brockman explained, “and I believe we simply focused diligently on execution.”
Activity accelerated by the third quarter, with OpenAI experiencing a 70% quarterly increase in its annualized revenue, a surge Brockman linked to the doubling of its enterprise operations. He clarified that this growth stemmed not solely from that specific quarter’s events but from the combined effect of the company’s sustained prior investments.
Currently, enterprise operations generate the predominant share of OpenAI’s revenue, a significant shift from its previous contribution of approximately 30% to total revenue.
“Consumer revenue hasn’t diminished; in fact, it has continued to expand, but the enterprise segment has experienced truly exponential growth,” he noted, citing a recent collaboration with J.P. Morgan Chase as an illustration of the caliber of clients they are now securing.
Brockman further elaborated on the insights OpenAI gained from its ventures into the enterprise market. He explained that the company recognized its role in assisting businesses to pinpoint crucial objectives achievable with its AI solutions, fostering client trust, and proving itself as a dependable, long-term collaborator.
“Just a year prior, our presence in the enterprise sector was negligible, right? We were primarily viewed as a consumer-focused entity, and many prospective companies would question, ‘Is OpenAI genuinely dedicated to the enterprise market?’” Brockman recounted. “However, the situation has transformed dramatically today.”