I guess they mean that intelligence is being able to hold models (compressed versions of reality) internally and use them to make predictions with a probability better than chance. That last part is the definition of information.
Is a fact stored on your brain like digits on a harddrive? No, it's a pathway that lights up and branches when information enters it. It is dynamic, a compressed form you could say, right? The model holds information, but not all information, but enough to be useful (in decision making).
Arguably it's the same, but the model is probably a "compressed" version of the whole fact that took place in reality.
And you can entertain the models internally and sharpen them. Alone or with others.