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at least in the realm of video games AAA only refers to funding, not quality. in fact it’s pretty consistently shit because terrible business practices almost inevitably result in late and premature releases because they have to meet arbitrary deadlines and believe they can always fix things later. to be fair the community is pretty idiotic and they consistently reward this behavior so they have nothing to lose in most cases.
It didn’t refer to funding. It’s marketing only. If you ask 100 what does AAA in video games, you’ll get a wide breadth off answers, because it’s not a real term, but it sounds good and people will make up their own definition or repeat one they heard.