Words often have multiple meanings in different contexts. "Intelligence" is one of those words.
Another meaning of "Intelligence" is "the collection of information of military or political value." Would you go up to CIA headquarters and try to argue with them that "the collection of information of military or political value" lacks understanding, and therefore they're using the wrong word and should take the "I" out of their name?
Whereas I have been finding uses for it to produce things that simply could not have produced myself without it, making it far more than a mere "productivity boost."
I think people are mainly seeing what they want to see.