OpenAI President Greg Brockman said the company aims to go public in 2027, citing accelerating enterprise revenue growth at a Wall Street Journal tech conference Wednesday.
The shift marks a dramatic reversal from the first half of 2026, when OpenAI struggled to gain traction against competitors like Anthropic in high-value segments such as agentic coding. Enterprise revenue has now doubled to become more than half the company's total revenue, up from roughly 30 percent a year ago.
Q3 annualized revenue grew 70 percent, driven entirely by the enterprise segment. Brockman attributed the acceleration to sustained investments made in prior quarters that finally gained traction with large corporate clients.
The turnaround reflects a fundamental repositioning. A year ago, enterprise customers saw OpenAI primarily as a consumer-focused company with uncertain commitment to serving businesses. Brockman acknowledged the company had to earn trust by helping clients identify specific, high-impact use cases rather than selling generic AI capabilities.
New partnerships underscore the momentum. Brockman cited J.P. Morgan Chase as a recent addition to the customer roster, part of a broader enterprise client acquisition cycle.
Consumer revenue continues to grow, but enterprise now drives the narrative for investors evaluating an eventual IPO. The 2027 timeline suggests OpenAI believes its enterprise business has reached sufficient scale and durability to withstand public market scrutiny—a critical threshold for any AI infrastructure company seeking venture-level valuations post-IPO.
