OpenAI partners with JPMorganChase and eyes a 2027 IPO
OpenAI co-founder Greg Brockman announced a partnership with JPMorganChase and said the company could be ready for an initial public offering in 2027.
By GennnAi··1 min read
Speaking at WSJ Tech on 4 November, he said the bank will access cybersecurity-focused models through the Daybreak program. According to the WSJ, OpenAI has secured about $11 billion in commitments in its funding round, against an initial $30 billion target, and now aims for $20 billion, partly from family offices and wealthy individuals. The company filed a confidential S-1 with the SEC in June.
Source: PYMNTS, published on November 5, 2026.