It still can't think and it won't think.
LANGUAGE models (keyword: language) is a language model, it should be paired with a reasoning engine to translate the inner thought of the machine into human language. It should not be the source of decisions because it sucks at doing so, even though the network can exhibit some intelligence.
We will never have AGI with just a language model. That said, most jobs people do are still at risk, even with chatgpt-3.5 (especially outside of knowledge work, where difficult decisions need to be taken). So we'll see the problems with AGI and the job market way earlier than AGI, as soon as we apply robotics and vision models + chatgpt 3.5 level intelligence. Goodbye baristas, goodbye people working in factories.
Let's start working on a reasoning engine so we can replace those pesky knowledge workers too.