Isn't our understanding or model of the world just what images, sounds, smells, tastes and physical feelings are likely to appear in a certain context? Obviousl

Isn't our understanding or model of the world just what images, sounds, smells, tastes and physical feelings are likely to appear in a certain context? Obviously a language model doesn't yet have access to all the data humans have, but that doesn't mean there can't be some kind of a model of the world. If you invent a new word and give a couple example sentences, GPT-4 can figure out the meaning without ever seeing the word. Doesn't that require some kind of understanding?