No, that's not why it's called artificial. There is a very wrong marketing of AI. Yes, it's artificial but it's not an intelligence. An intelligence can invent something, can think about something but the thinking of real intelligence is very complex and current AI is far from intelligence, even from Artificial one. We, humans, are the true definition of intelligence (not everyone). We process thoughts, make decisions but at the same time they are affected by so many things, including your level of testosterone, dopamine, serotonin. An imbalance in these chemicals can cause depression or enhance your mood. When you are depressed, you make different decisions and your creative and other abilities are completely different. To say it shortly, an intelligence, even artificial, should share the same level of complexity and at the moment none of them share it. As for now, AIs simply take information and give different answers like:
If question is B and condition C is met, then return answer Y. If not, then X.

Humans aren't like that, humans don't follow that structure. We can cheat, we can invent, we can manipulate everything the way we wish while AI follows basic rules. A true artificial intelligence will be the one that will share our structure like hormones, which will affect its answers and give it a creativity.