Nope. I worked as a marketing director before I remembered that I have a soul. A radio advertising rep tried to sell me passive listening ads.
According to that rep selling this service, it worked like this: All of these devices, including your phone, passively listen for keywords that get repeated frequently enough in a short enough window. They feed those words back to the mothership. An ad is then delivered across all ID associated devices targeted toward that keyword. This process is delivering an ad within 45 minutes.
For example, you talk about needing a new tent, you're gonna say tent and camping a few times in that convo. Camping/tent get beamed up. Within 45 minutes, you're seeing tent/camping ads in your apps and on websites across all of your devices because of your advertising ID.
It is not coincidence. They are literally selling this feature to their clients.