Yes, but it's the wrong definition. The fundamental reason people bullshit is that they have something to gain. LLMs have nothing to gain. So it is much more appropriate to call what they do "hallucination" rather than "bullshit".
I find it entirely appropriate to call LLMs "bullshit generators" rather than "hallucination generators".
I thought we killed all the models that refused to bullshit, so only the ones that sound impressive remain.
Especially given people refer to objects as bullshit all the time.