The united states federal minimum wage is $7.25.

What a world we live in

The phrase "is referred to" is too vague for my taste. I'm all for descriptive language when it comes to the everyday, but for technical terms, I think definitions are what should matter.

With that said, AI is certainly not defined in terms of human intelligence. "Aeronautical engineering texts do not define the goal of their field as making machines that fly so exactly like pigeons that they can fool even other pigeons" (stuart russel).

Also, AI is not defined by corporations. It's defined by computer scientists. As for delineating to the masses, I think the answer to that is proper education.

Your TV turning on when you walk into a room IS AI. It's not a dumbed down definition, it's the definition widely agreed upon by computer scientists. Just because marketing is deplorable doesn't make it otherwise.

I agree that the word AI is too "markety", but I think you've fallen into the same trap.

The most commonly held definitions of AI amongst actual experts in the field lie along the lines of being able to use information to make decisions in pursuit of a goal.

If "pre programmed algorithms" use information about the position of your head to direct hardware to "beamform" (apparently that's an actual thing?) with the goal of improving the quality of the sound you hear, then it is perfectly fair to call that AI.

AI doesn't necessarily or by definition have anything to do with cloud computing, machine learning, or predictive analysis.