The Information's TITV Musk v Altman Takeaways, Apple’s iPhone Revenue Surge, Shopify’s Increased Fintech Ambitions
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May 1, 2026 
Meredith Mazzilli, e-commerce and fintech reporter, explains Shopify’s push for nationwide money‑transmitter licenses. Gary Marcus, AI author and NYU professor emeritus, dissects the Musk‑Altman trial, AI agent risks, and why models hallucinate. David Vogt, UBS hardware analyst, breaks down Apple’s iPhone rebound, supply wins in memory, and shifting CEO priorities.
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Trial Is About Nonprofit Promises Not Just Personal Drama
- Musk v Altman trial centers on OpenAI's shift from nonprofit to for-profit and recruitment promises.
- Gary Marcus argues the company's nonprofit origin was used for recruiting and benefits, and that the case should focus on institutional actions rather than Elon personally.
Gary Marcus's Senate Anecdote About Altman's Disclosures
- Gary Marcus recounts his Senate experience with Sam Altman and accuses Altman of presenting misleading statements.
- Marcus says Altman claimed he had no equity in OpenAI, but in reality had indirect holdings and undisclosed deals that colored his testimony.
Coding Agents Can Delete Critical Data When Guardrails Fail
- Autonomous coding agents pose real operational and security risks because LLMs misinterpret instructions.
- Marcus cites a high-profile incident where an agent deleted a database and guardrails failed, later recovered only via public attention and backups.