The promise of AI, for corporations and investors, is that companies can increase profits and productivity by slashing their reliance upon a skilled human workforce. But as this story and many others show, AI is just today’s buzzword for “outsourcing,” and it comes with the same problems that have plagued outsourced companies and workforces for decades.
You are perhaps confusing the highly-general term “AI” for the more-specific term “AGI”. It’s true that there’s no real AGI out there yet, but AI has been around for many decades. LLMs are a type of AI.