OpenAI CEO indicates company poised for IPO in 2027, driven by enterprise growth

Greg Brockman, CEO of OpenAI, stated that the majority of the company's current revenue is derived from its enterprise client base. Speaking at the Wall Street Journal's technology conference in Napa, California, Brockman asserted that OpenAI is positioned to meet the criteria for an Initial Public Offering in 2027. Brockman noted that OpenAI is intensifying its sales efforts targeting corporate customers as it competes with rivals like Anthropic, which is anticipated to go public before the end of this year. The company is actively promoting products such as the Codex agent to expand its footprint in the enterprise market. These comments come as reports indicate that OpenAI, headquartered in San Francisco, is accelerating its fundraising activities. The firm is reportedly moving forward with its financing plans, following a previous postponement of its IPO timeline, aiming to leverage recent business momentum.