Sounds about right. There are some valid and good use cases for "AI", but the majority is just buzzword marketing.
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I have lots of uses for Attack Insects….

Linus is known for his generosity.
True. 10% is very generous.
I had a professor in college that said when an AI problem is solved, it is no longer AI.
Computers do all sorts of things today that 30 years ago were the stuff of science fiction. Back then many of those things were considered to be in the realm of AI. Now they're just tools we use without thinking about them.
I'm sitting here using gesture typing on my phone to enter these words. The computer is analyzing my motions and predicting what words I want to type based on a statistical likelihood of what comes next from the group of possible words that my gesture could be. This would have been the realm of AI once, but now it's just the keyboard app on my phone.
I play around with the paid version of chatgpt and I still don't have any practical use for it. it's just a toy at this point.