Given the widely different natures of a theoretical "book smart" model vs a hands-on model informed by the dynamics of the real world and how it responds to your own actions, it doesn't seem useful to call these the same thing.
For sure the LLM has, in effect, some sort of distributed statistical model of it's training material, but this is not the same as knowledge represented by someone/something that has hands-on world knowledge. You wouldn't train a autonomous car to drive by giving it an instruction manual and stories of peoples near-miss experiences - you'd train it in a simulator (or better yet real world), where it can learn a real world model - a model of the world you want it to know about and be effective in, not a WORD model of how drivers are likely to describe their encounters with black ice and deer on the road.