OpenAI Targets 2027 IPO as Enterprise Revenue Grows

OpenAI President Greg Brockman announced that the company now generates the majority of its revenue from enterprise sales. Speaking at a Wall Street Journal tech conference, Brockman stated that OpenAI expects to be ready for an initial public offering in 2027, though he indicated the company might be ready as early as next year.

OpenAI is currently increasing its business sales and promoting its Codex agent to compete with rival Anthropic, which is expected to go public by the end of 2026. The company has also been accelerating fundraising efforts to capitalize on recent growth following previous delays to its IPO plans.