Greg Brockman, president of OpenAI, told an audience at the Wall Street Journal’s California technology conference that the company could be ready for an initial public offering (IPO) in 2027. Brockman said OpenAI has recently ramped up its business sales efforts, and that enterprise customers now account for the majority of the company’s revenue.
Fundraising and growth strategy
According to Reuters, the San Francisco–based company has accelerated its fundraising activity. OpenAI previously postponed its plans for a public listing; the current round of capital raising is intended to capitalize on recent growth momentum and position the company for a potential IPO down the line.
Brockman emphasized that strengthening sales to enterprise clients is central to OpenAI’s strategy, and that the company is directing more commercial resources toward that market.
Competition with Anthropic and product push
OpenAI faces growing competitive pressure from Anthropic in the enterprise segment. To win business, OpenAI is actively promoting and selling products such as its Codex AI agent.
Reuters also reports that Anthropic is expected to take its shares public before the end of this year, a move that could increase competitive and financial pressure on OpenAI.
Why this matters
The shift toward enterprise revenue and the acceleration of fundraising suggest OpenAI is preparing strategically for a public-market debut while remaining cautious on timing—2027 is the current target. The outcome of this race between AI startups and the timing of their market entries will affect funding dynamics and the commercial adoption of AI services.
This article is based on reporting by Reuters and does not constitute investment advice.
