Yeah absolutely. Even AI as a term has become a crock of shit because it's been latched on to by companies to market their products in the AI the equivalent of the dotcom boom.
Artificial Intelligence was once a sufficient smterm for Artificial General Intelligence. Now any old algorithm is being labelled AI to sell it.
But the terms don't matter - the concept is sound but it's further away than we probably expect because so much crap is being sold to make a quick buck.
Chat-GPT is basically beta software and it is practically useless because it's inaccurate. You can't use a tool in business, government or health are when it can be wrong and worse so confidently wrong. It's an impressive tool but they still haven't got that working well, let alone any further "advances".
And blindly throwing data at LLMs and hoping to stumble on AGI is not going to work - crudely that is the approach of much of the cow boy outfits out there claiming to be innovating in AI. That includes big tech companies who have jumped on the bandwagon over the last 18 months.