No, he's right, LLMs match the definition of AI. Terms like AI and AGI are not made up by corporations, they have specific meanings in computer science.

The term AGI was first used in 1997 by Mark Avrum Gubrud in an article named 'Nanotechnology and international security'

By advanced artificial general intelligence, I mean AI systems that rival or surpass the human brain in complexity and speed, that can acquire, manipulate and reason with general knowledge, and that are usable in essentially any phase of industrial or military operations where a human intelligence would otherwise be needed. Such systems may be modeled on the human brain, but they do not necessarily have to be, and they do not have to be "conscious" or possess any other competence that is not strictly relevant to their application. What matters is that such systems can be used to replace human brains in tasks ranging from organizing and running a mine or a factory to piloting an airplane, analyzing intelligence data or planning a battle.