Not really, only "merchants" are trying to package and sell LLMs as "artificial intelligence". To this day AI still very much is the name of a research field focused on computational methods: it's not a discovery, it's not a singular product or tool at or disposal (or it is in no greater capacity than Markov chains, support vector machines or other techniques that came before). If you ever expect the goalposts to settle, you are essentially wishing for research to stop.

Both things can be true:

1. People are trying to sell a product that is not ready and thus are overhyping it

2. The tech is in its early days and may evolve into something useful via refinement and not necessarily by some radical paradigm shift

In order for (2) to happen it helps if the field is well motivated and funded (1)

I don't think we fully understand all the aspects of intelligence. What the potential feature set is. How to categorize or break it down into parts. We have some data and some categories but we are so far away from a full description that it only makes sense we must move the goalposts constantly.