Perhaps, but I think what people mean by intelligence is something that learns and adapts. If LLMs couldn’t do in context learning I don’t think people would think of them as AI, more as a kind of queryable database via natural language. There are other algorithms that learn and adapt, but in much more narrow circumstances that most people won’t obviously interact with.

Right, and my point is that now that is the bar. If you'd told me in 2008 that markov chains would be smart enough to one-shot even a trivial video game from scratch I would certainly have called that AI even if you had to do some major rigamarole to get it to work.