Yes this is nothing new, we don't have AGI and we're still nowhere near close to having an AGI.

An AI at its current state is like a glorified mechanical turk. A bunch of "dumb" people doing menial, mechanical tasks could do the same thing the "AI" is doing. I mean that has to be the case, since AI is run by a bunch of specific-purpose GPUs and not general-purpose CPUs.

So the AI might be able to do things that would take millions of unthinking, automated people doing thousands of hours of mechanical, menial labor. But all it takes is a single creative genius that has the ability to actually invent something new which will revolutionize something. Only an AGI is capable of doing that, and not an "AI".