A consequence of this degree is that it makes CS degrees worth less. Because AI/ML is by definition a subset of CS, this degree implies that you have CS + more. It doesn’t fairly show that there is a tradeoff in a specialized curriculum (less exposure to other areas of CS).
I would say that if you are at CMU or another school offering this degree, you would be a fool not to do it. Even if you are not interested in AI/ML, it will be more hirable than CS because the name implies it is “better” than a CS degree. It’s a similar situation with the new “cybersecurity” degrees being offered. Ideally the accreditation group would bring some sense into this but so far they have greenlit both degrees.