Comment by UniverseHacker

I'm actually in the camp that they are basically not very useful yet, and don't actually use them myself for real tasks. However, I am certain from direct experimentation that they exhibit real understanding, creativity, and modeling of underlying systems that extrapolates to correctly modeling outcomes in totally novel situations, and don't just parrot snippets of text from the training set.

What people want and expect them to be is an Oracle that correctly answers their vaguely specified questions, which is simply not what they are, or are good at. What they can do is fascinating and revolutionary, but possibly not very useful yet, at least until we think of a way to use it, or make it even more intelligent. In fact, thinking is what they are good at, and simply repeating facts from a training set is something they cannot do reliably- because the model must inherently be too compressed to store a lot of facts correctly.