It's true that AI is a bit of an overloaded term these days, but in the modern usage of AI you have all types of machine learning and neural networks, which this certainly is. The AI you're thinking of is usually referred to as AGI. But all that aside, in the end your comment is still a little off the mark because what is any flavor of AI but computer power.
It's just computer power.
All this was possible 40 years ago but it cost orders of magnitude more.