Kind of, but I wouldn't exactly put it like that since AI has never meant anything more than automated intelligence/decision making of some sort. The bar isn't moving, just this almost meaningless label is just forever getting slapped on the latest shiny new thing.

You could legitimately call a thermostat "AI". Expert systems were previously called AI. Today it's Large Language Models. Tomorrow it'll be something else.

If you want to lean into the lie, you do you. I will not.