It has a phenomenal recall. I just asked it about "SmartOS", something I knew about, vaguely, in ~2012, and it gave me a pretty darn good answer. On that particular subject, I think it probably gave a better answer than anyone I could e-mail, call, or text right now
It was significantly more informative than wikipedia - https://en.wikipedia.org/wiki/SmartOS
But I still find it easy to stump it and get it to hallucinate, which makes it seem dumb
It is like a person with good manners, and a lot of memory, and which is quite good at comparisons (although you have to verify, which is usually fine)
But I would not say it is "smart" at coming up with new ideas or anything
I do think a key point is that a "text calculator" is doing a lot of work ... i.e. summarization and comparison are extremely useful things. They can accelerate thinking