OpenAI president Greg Brockman says company could be IPO ready in 2027

Summary

• OpenAI co-founder and president Greg Brockman stated the company aims to be ready for an IPO in 2027.
• Brockman noted that OpenAI's enterprise revenue has been growing significantly.
• The executive highlighted OpenAI's increasing presence in the enterprise market, a sector where rival Anthropic had previously gained ground.
• Brockman expressed high confidence in the business following substantial progress made during 2026.
• OpenAI faced challenges in the first two quarters of 2026, including a lack of market presence in agentic coding where Anthropic's Claude Code gained share.
• OpenAI achieved 70% quarterly growth in annualized revenue by the third quarter of 2026.
• This revenue growth was attributed to the enterprise side of the business doubling.
• Enterprise revenue now constitutes the majority of OpenAI's total revenue, having previously accounted for only around 30%.
• Consumer revenue has continued to grow, though the enterprise segment has expanded more rapidly.
• OpenAI secured partnerships with major clients such as JPMorgan Chase.
• The company shifted its strategy to focus on helping businesses identify key milestones, building trust, and demonstrating long-term reliability.
• OpenAI transitioned from being perceived as a consumer company to being recognized as a committed enterprise player over the past year.