OpenAI chairman Bret Taylor says there is no update on IPO plans, dismisses Apple's trade secret claims

7:57 AM · July 16, 2026

Bret Taylor, OpenAI's chairman and the chief executive of Sierra, told CNBC that there is no update on OpenAI's widely reported plans for an initial public offering, and separately addressed Apple's trade secret lawsuit against the company by saying OpenAI has no interest in other companies' trade secrets. Taylor's comments come as OpenAI works through the aftermath of Apple's federal complaint, filed July 10, which accuses OpenAI, its chief hardware officer, and a former Apple engineer of a coordinated, multi year campaign to extract Apple's most sensitive hardware secrets. The IPO question looms especially large given that OpenAI confirmed a confidential S-1 filing with the Securities and Exchange Commission in June, with Goldman Sachs and Morgan Stanley leading the deal, in what is expected to be among the largest technology listings on record. Taylor's carefully worded, no comment style answer on timing suggests the company is not yet ready to discuss specifics publicly even as speculation about a listing intensifies. Taken together, his remarks illustrate the balancing act OpenAI is trying to manage: projecting confidence around a potential landmark IPO while simultaneously fending off a serious legal challenge from one of its most important former partners.