"AI", the way everybody uses it today, means "ass-kissing chatbot". That's what Jensen means, that's what Satya means, that's what the investors think it means, that's what the people reading scripts on the news mean. Oh, excuse me, I meant to say "super intelligence".
We have neural nets, machine learning, adaptive systems, automated translation, context completion, all kinds of terms for the stuff that actually does useful stuff.
That's not what the trillion dollars is getting spent on