It’s not intelligence if you are the one who gives the correlations to the model in the pre-training. It’s Word2Vec, applied. Model doesn’t learn anything. You embed these correlations and build it from there. It just searches the space.
As my AI professor said in the first lecture: “All AI is advanced search”.
Okay, I guess you're right that its ability to do this is just correlational, which doesn't imply it has any understanding. However, you have to conclude that some tasks which we used to believe required intelligence don't actually require any, which is disconcerting.