OpenAI Enterprise Sales Pass Half of Revenue, Brockman Hints at IPO Prep

At a glance

OpenAI President Greg Brockman said enterprise sales now make up more than half of the company's revenue. He also said OpenAI could prepare for an initial public offering (IPO, the first sale of company shares to general investors) in 2027. However, he did not promise a listing.

Key points

1. 1

   In March, enterprise revenue passed 40%, and it is expected to match consumer revenue by the end of the year.

2. 2

   Weekly users of Codex, a coding agent (an AI tool that helps write code), grew five times in three months to more than 2 million.

3. 3

   OpenAI has completed a funding round of about $122 billion and is delaying an IPO while it grows its funding and compute (the computing resources needed to run AI).

Why it matters

The company's business is shifting toward earning money mainly from business customers, which offers clues about whether OpenAI can realistically prepare for a listing.