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That’s exactly what it is.
That’s all LLMs have ever been. They can access databases and regurgitate what they’ve heard before. It’s only slightly more complicated than Akinator.
I’ve been repeating this like a broken record; it’s useful tech, even if not intelligence, and it isn’t intelligence even if useful tech. The issues associated with it are less like “IT’S GOING TO MAKE THE WORLD A PAPERCLIP MACHINE LOL” and more the Industrial Revolution in England.