OpenAI Now Makes Most of Its Money From Businesses, Eyes 2027 IPO
OpenAI President Greg Brockman says enterprises now drive the majority of the AI giant's revenue, with Codex leading the charge against rival Anthropic. He told a Wall Street Journal conference he thinks OpenAI will be ready to go public in 2027.
OpenAI's money no longer comes mostly from regular users. President Greg Brockman said Wednesday that enterprises now generate the majority of the AI lab's revenue, a shift that reframes who actually pays the bills in the AI boom.
Speaking on stage at a Wall Street Journal tech conference in Napa, California, Brockman was blunt about the company's plans. Asked whether OpenAI would be ready for an IPO next year, he said, 'I think so.' The company's target: 2027.
Getting there means winning businesses, and OpenAI is pushing hard. Brockman said the company has been ramping up enterprise sales, leaning on its Codex agent, in a direct fight with rival Anthropic — which is likely to hit public markets before the year is out.
The fundraising machine has been running hot too. Reuters reported that OpenAI has been racing to raise capital after delaying its IPO plans, aiming to cash in on a stretch of rapid growth.
So the picture is a company still burning to scale, now leaning on corporate contracts for the bulk of its cash, and eyeing a public listing in 2027 while a competitor may beat it to the bell.
TopicsOpenAI · Greg Brockman · Anthropic · Codex · Wall Street Journal · Reuters · Napa, California
Source: channelnewsasia.com
Written by Paparazzi with AI. Not financial advice.