Which I think it does. You may be looking at the issue the wrong way around:
... the funders' ideal: Useful at replacing more and higher-cost employees ...It's not necessarily a matter of "Oh look, 'AI' can do 'real jobs', so 'AI' must be great!". Looking at that the other way around: If "AI" can do these "jobs", how real are they? The cynic in me would say that if these high-cost employees really can be replaced by a glorified autocorrupt, that only shows that many jobs are indeed bullshit jobs. Because that's the output of repeatedly accepting whatever autocorrupt suggests as the next word: Bullshit.