In the most basic sense intelligence involves the aqcuisition of knowledge, which is representation or generalisation at some higher level of abstraction and the ability to make decisions.

The mere ability to perform computational work is something virtually even the tiniest piece of hardware entails, or even an abacus for that matter.

intelligence is inductive

finding correlations and using a human to filter the interesting ones from the flukes doesn't make the correlations engine an ai, the intelligence is still in the human