Earlier quoted context omitted.
At the same time, it ... is literally a next token predictor. Like that's what it is. The input is a sequence of tokens. The output is a probability distribution of next tokens.
This comment attracted a lot of analogies trying to reduce something to something else (calling humans a "bag of chemicals"), but the flaw in those analogies is that they're reducing something valuable to something that sounds less valuable. With an LLM, the tokens are the valuable part. That's what I want from it. That's why it exists. The tokens are the point, and it produces those tokens one by one for me.
But there is no trillion dollar industry around cheap top Markov models. So there must be something about LLM tokens that makes them more valuable than those generated from a simple Markov chain. And that substance, that makes one valuable and the other not, is exactly what reduction to "next-token predictors" masks.