This paper examines claims that the convergence of AI and neurotechnology applications, known as brain-reading, enables the reading of human minds. The purpose of this examination is to investigate whether the use of the terms “brain-reading” and “mind-reading” to convey current neurotechnological findings carries evidence of hype. We conducted an interpretive content analysis of 1017 academic articles to gain insights into the current state of the art and examine assertions made by academics. Our analysis revealed that up to 91% of the examined articles suggest the possibility of mind-reading through brain-reading. Ethical issues discussed frequently include mental privacy, mental freedom, and personhood. Our study highlights the imprecise and inconsistent usage of the term mind-reading in scientific discourse, which leads to exaggerated claims about AI and BCIs having already achieved capacities beyond their current capabilities—or even reaching capacities that may never be feasible. While our study provides evidence of AI and BCI hype concerning alleged mind-reading capabilities, it also uncovers a hype in AI ethics, specifically pertaining to neurorights. This involves hypothetical scenarios where the fictional prospect of AI-enabled mind-reading calls for the establishment of new protective human rights.