OpenAI says ready to IPO in 2027, now counts majority of sales from enterprises
Greg Brockman said the AI lab has been ramping up sales to businesses in competition with rival Anthropic
OpenAI's President Greg Brockman announced on Wednesday that the company now generates the bulk of its revenue from enterprise sales. He expressed confidence in the AI lab's readiness for a public offering in 2027. OpenAI has been intensifying its push to sell its services to businesses as it competes against rival Anthropic, a company expected to go public before the end of the year.
Anthropic has introduced a consulting arm, highlighting the growing trend of AI model companies venturing into enterprise services, which has sparked discussions about the future control and revenue capture in AI implementation. At a Wall Street Journal tech conference in Napa, California, Brockman was questioned about OpenAI's IPO plans for next year.
He responded, "I think so," affirming the company's readiness for a public listing. OpenAI has been actively fundraising to capitalize on its recent growth, as reported by Reuters, following a delay in its IPO plans.
Written by urgent.news from The Hindu - Sci-Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 3 other outlets
- OpenAI, ready to IPO in 2027, now counts majority of sales from enterprises, Brockman says channelnewsasia.com
- OpenAI, ready to IPO in 2027, now counts majority of sales from enterprises, Greg Brockman says economictimes.indiatimes.com
- OpenAI, ready to IPO in 2027, now counts majority of sales from enterprises, Brockman says investing.com
