Market & RegulationInvestment
OpenAI targets 2027 IPO as enterprise revenue doubles
TechCrunch AIhigh confidence
Why it matters
- →OpenAI signals a shift from private reliance to public markets by targeting a 2027 IPO.
- →Enterprise revenue now dominates, doubling in Q3 and surpassing consumer usage.
- →The company admits lagging in agentic coding, highlighting competitive pressure from Anthropic.
OpenAI President Greg Brockman stated the company could be ready for an initial public offering (IPO) by 2027, citing strong growth in its enterprise segment. Speaking at a Wall Street Journal tech conference, Brockman noted that annualized revenue grew 70% in the third quarter, with enterprise business doubling and now comprising the majority of total revenue. While acknowledging past struggles in agentic coding where rival Anthropic gained ground, he emphasized recent successes with major clients like JPMorgan Chase as evidence of OpenAI's commitment to the enterprise market.
Read originalThe story around this
Earlier coverage that leads up to this article, and what followed. Lines connect each piece to the closest one after it, converging here.
How we got here
- 1OpenAI Launches Enterprise AI Agent Platform
OpenAI · July 22, 2026 · Background
- 2OpenAI and Anthropic Report Significant ARR Growth
The AI Daily Brief · August 3, 2026 · Related
- 3Greg Brockman Takes Charge at OpenAI
The Verge AI · August 20, 2026 · Related
- 4OpenAI Faces Executive Exodus Amid IPO Plans
TechCrunch AI · August 26, 2026 · Same story
- 5OpenAI Delays IPO Plans Beyond 2026
TechCrunch AI · September 12, 2026 · Related
- 6Sam Altman: OpenAI IPO in 2026 'Ill-Advised'
The Verge AI · September 12, 2026 · Related
- 7OpenAI Eyes $1.5 Trillion Valuation
Lev Selector · September 25, 2026 · Related
- 8OpenAI Raises Capital at $1.25 Trillion Valuation
Lev Selector · October 30, 2026 · Background
More from TechCrunch AI
© TechCrunch AIMarket & Regulationbusiness
Google buys Crusoe's Wyoming data center project
Google is acquiring an unfinished data center from Crusoe in Wyoming, signaling a strategic pivot to direct infrastructure control amid scaling pressures. The $17 billion investment highlights the immense capital required for AI compute, as independent developers struggle with cost and timeline overruns. This move illustrates the growing vertical integration of tech giants into physical infrastructure, reducing reliance on third-party providers like Crusoe for massive deployments. By taking ownership, Google bypasses the bottlenecks that often plague external development teams. The deal reflects a broader industry trend where hyperscalers reclaim control over their most critical assets. Independent builders now face stiffer competition from companies with deeper pockets and direct operational oversight.
TechCrunch AI
© TechCrunch AIInvestment · $11B
Market & Regulationbusiness
OpenAI raises $11B at $1.25T valuation
OpenAI is securing an additional $11 billion in a funding round that values the company at $1.25 trillion, falling short of its initial $30 billion target but still signaling massive investor confidence. This latest capital injection comes as the broader AI market faces headwinds, with Anthropic’s potential IPO valuation also cooling from earlier highs. The move highlights OpenAI's continued ability to attract deep-pocketed support despite regulatory uncertainties and political shifts affecting data center expansion. While the round hasn't fully closed, the sheer scale of this valuation reinforces OpenAI's dominant position in the race for AI supremacy. Investors are betting big on the lab's ability to maintain its lead in compute and model capabilities. The delay in IPO plans suggests a strategic pause to navigate these complex market conditions. This funding ensures OpenAI remains the financial heavyweight in the sector.
TechCrunch AI
© TechCrunch AIMarket & Regulationother
Hundreds of Artex AI hacking tools exposed
Censys uncovered over 800 publicly accessible instances of Artex, an autonomous penetration testing tool linked to major breaches in Korean finance and ConnectWise. These exposed deployments reveal a critical security gap: powerful AI agents running without authentication turn offensive capabilities into open targets for misuse. The developers recently shifted to closed-source distribution, yet the code remains widely available on public repositories, leaving the threat landscape largely unchanged. This situation demonstrates how easily sophisticated AI-driven attacks can be launched by anyone with basic configuration skills. The widespread exposure underscores significant risks associated with misconfigured AI security tools.
TechCrunch AI
More in Market & Regulation
© The AI Daily BriefMarket & Regulationbusiness
Enterprise AI Spending Surges 5x Year-Over-Year
Menlo's latest report reveals enterprise AI spending has increased nearly five times in one year, primarily driven by the adoption of AI agents.
The AI Daily Brief
© The AI Daily BriefMarket & Regulationmodels
Anthropic Gains Market Share Amidst IPO Uncertainty
NLW analysis shows Anthropic's market share is rising alongside increased demand for frontier models, even as doubts about its upcoming IPO grow.
The AI Daily Brief
© The AI Daily BriefMarket & Regulationbusiness
AI Stocks Face Worst Drawdown Since 2020
The AI sector is experiencing its most significant stock price decline since 2020, marking a notable correction in the tech market.
The AI Daily Brief