Perhaps, CAI for inference or insight would express it more fairly.
Alternatively, AI could've stood for 'automated inference', but sure it's all too late to rebrand.
We humans still not clear about nature of our own intelligence, yet already claimed being able to manufacture it.
There were a few new things, like ignoring model, choosing right variables, whatever was available was thrown into the equation, if it was clear that such "model" is over-fitted, there were some methods to overcome this by adding some random coefficients to the model that were smoothing it a little.
So, the naming is there... could be modified by adding some clarification that we don't care that much about understanding model we plan to use.