Of course it fucking is
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TLDR; yes.
I would loosely define "Bullshit" as something composed to sound plausible, without any relation to or concern with the truth.
By that loose definition, ChatGPT is nothing BUT Bullshit. Putting together statements purely because they sound right, with exactly zero concern for what is actually true.
In 1986, philosopher Harry Frankfurt wrote an essay titled On Bullshit, in which he isolated and studied the title concept. He argues that ‘bullshit’ can be defined as a statement made with no concern for truth. The bullshitter is a person who has both no intention to describe reality accurately nor to lie. Bullshitting is therefore well distinguished from lying: whilst the liar knows that they are on the wrong side of the truth, and they feel a certain guilt about it, the bullshitter displays indifference toward their position. The truth-values of their own statements are of no concern to them.
Yes, it is.