I very much disagree. Terms and definitions matter, and in this case what you mean by "AI" changes the answer. Again, general-purpose LLMs might be a dead end. Specialized neural networks are not. One might argue that even specialized LLMs (ie fine tuned for code generation) have ways to go, too.

I'm not sure about target audience of the TheRegister but here on HN we should be more precise in our discussion.