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Fortune
Fortune
Sharon Goldman

Sam Altman’s AI paradox: Warning of a bubble while raising trillions

Sam Altman OpenAI Dan Ives Tom Williams Silicon Valley Microsoft
OpenAI CEO Sam Altman testifies during a Senate Commerce, Science and Transportation Committee hearing on May 8, 2025. (Photo: Tom Williams/CQ-Roll Call/Getty Images) (Credit: Tom Williams/CQ-Roll Call/Getty Images)

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.

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