What happened
OpenAI president Greg Brockman said at a Wall Street Journal tech conference that the company would be ready for an IPO in 2027, pointing to enterprise revenue that now makes up the majority of its business, up from around 30%.
Why it matters
Brockman framed the shift as proof OpenAI is no longer seen mainly as a consumer company, which could make it a more credible long-term partner for large business customers.
What to watch
Brockman said OpenAI would be ready for an IPO in 2027, though the company has said it will go public when it feels the timing is right.
WHO IT HITSEnterprise sales teams and procurement groups at large companies evaluating AI vendors are the clearest audience: Brockman's remarks signal OpenAI is positioning itself as a long-term enterprise partner, not just a consumer app maker.
Summaries like this, every morning.
Brockman's comments at the Wall Street Journal tech conference mark a shift in how OpenAI presents itself. A year ago, he said, the company was perceived as a consumer company and prospects would ask whether OpenAI was really committed to the enterprise. Now, he said, that question has faded.
The path there was not smooth. Brockman described the first and second quarters of 2026 as 'pretty rough' and admitted OpenAI 'wasn't even in the conversation' on agentic coding, an area where Anthropic's Claude Code had gained market share. He said OpenAI had Codex but no one was talking about it. By the third quarter, activity picked up, with 70% quarterly growth in annualized revenue, which he attributed to the enterprise side doubling.
Brockman pointed to a recent partnership with JPMorgan Chase as an example of the kind of client OpenAI is now winning. He said the lesson from selling into the enterprise was to help businesses identify the most important milestones they could achieve with its AI technology, build trust, and demonstrate reliability over the long haul.
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