I completely buy the “emperor’s new clothes” argument for work process automation. I’m surprised they don’t address AI-assisted engineering, which seems to be going positively for a lot of folks (although I have doubts about its sustainability). I disagree about the success of chatbots, if the problem is narrowly-defined and chosen properly. My previous company built a conversational interface to a vector database and saw good results. (Although, arguably, the vector database was the real magic, and a traditional UI would have been faster and more accurate.)
In general, I think OP is more right than wrong, though, particularly about the AI mania and unrealistic expectations sweeping the C-suite.