OpenAI President Greg Brockman Believes Company Could Be Ready for IPO in 2027
According to him, the business accelerated growth through corporate clients
In the third quarter, OpenAI's annual revenue in recalculation grew by 70% quarter-over-quarter, Brockman reported. He attributed the acceleration to the corporate segment, which doubled during this period.
According to Brockman, the first two quarters of 2026 were challenging for the business. By the third quarter, the company significantly increased activity in the corporate segment, which now constitutes the majority of OpenAI's revenue. Previously, it accounted for about 30% of total income.
At the same time, consumer revenue, as Brockman noted, continues to grow as well. Among the new major clients, he mentioned J.P. Morgan Chase. The head of the company explained the growth of the corporate business not by a single event in the third quarter but by the result of investments made earlier.
Brockman acknowledged that at the beginning of 2026, OpenAI was hardly perceived as a significant player in AI-assisted software code development. The company already had the Codex product, but the market's main focus in this area was on Anthropic's Claude Code.
Now, according to Brockman, OpenAI is focused on helping companies choose key tasks for AI, build trust, and present itself as a reliable long-term partner. He added that the decision to go public will be made when the company deems the timing appropriate.
