It is a next token prediction function and it is important to understand the technology accurately based on what it actually is.
What is unique about a next token prediction function though is that every computer program is just a string of instructions. At the theoretical limit a next token prediction function can generate the entire instruction stream (boot loader, OS, application) so a next token prediction function can theoretically generate any computer program, which means that it is a universal predictor for anything that a computer can simulate. Still not AGI/ASI in the woo-woo non-technical interpretations of those terms, but incredibly powerful.