Often the hiring manager will have the person to be hired somewhere in his report chain. So if a person can't effectively communicate and can't properly respond to a "I only have 2 minutes, shoot", then I am getting a future liability into the company that will slow down all future communications.

I much rather prefer someone who needs 3 seconds to triage a question and tell me: "This is X, I know this, here is the solution" or "This is Y, I don't know it, but I will get back to you within 24h".

I do absolutely not want a "Well let's think jointly about this for a couple of minutes". There is no jointly with your boss. Let's do a some math of a 1:12 manager to direct report ratio. That means for every hour you have, your boss only has 5 minutes. And if you talk to your boss' boss, they have 25 seconds for every of your hours.

Not the OP, but because that’s not usually the answer I’m looking for, and my assumption would be the interviewee is not familiar with the concepts. I’d want to hear about how they use it, what are their pain points, how they’ve automated stuff and etc.

Not OP also but it typically signals that you're not confident with your answers. If I am actually curious about it, I'd ask a followup question for them to expand.