Welcome to Eye on AI! AI reporter Sharon Goldman here, filling in for Jeremy Kahn. In this edition… Sam Altman’s AI paradox…AI has quietly become a fixture of advertising…Silicon Valley’s AI deals are creating zombie startups … sources say Nvidia working on new AI chip for China that outperforms the H20.

I was not invited to Sam Altman’s cozy dinner with reporters in San Francisco last week (whomp whomp), but maybe that’s for the best. I have trouble suppressing exasperated eye rolls when I hear peak Silicon Valley–ironic statements.

I am not sure I could have controlled myself when the OpenAI CEO said that he believes AI could be in a “bubble,” with market conditions similar to the 1990s dotcom boom. Yes, he reportedly said , “investors as a whole are overexcited about AI.”

Yet

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