TechCrunch AI· Sarah Perez·· 5 hours agoSelectedAI score74
OpenAI President Greg Brockman Says Company Could Be Ready for an IPO by 2027
OpenAI president Greg Brockman says company could be IPO ready in 2027
AI guide
OpenAI co-founder and President Greg Brockman stated that the company could be ready for an IPO by 2027. Driven by a doubling of its enterprise business, OpenAI's annualized revenue grew 70% quarter-over-quarter in the third quarter, with enterprise revenue now accounting for the majority of total revenue, up from roughly 30% previously.
Why it matters
The report highlights how the doubling of enterprise business has shifted OpenAI's overall revenue mix, providing a reference point for evaluating the commercialization progress and capitalization timeline of leading generative AI players.
Source:TechCrunch AI · techcrunch.com