That an okay-ish definition, but to me this is more about whether this kind of "intelligence" is worth it, not whether it is intelligence itself. The current AI boom clearly thinks it is worth to put that much input to get the current frontier-model-level of output. Also, don't forget the input scales across roughly 1B weekly users at inference time.
I would say a good definition has to, minimally, take on the Turing test (even if you disagree, you should say why). Or in current vibe parlance, it does "feel" intelligent to many people--they see intelligence in it. In my book this allows us to call it intelligent, at least loosely.