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ChatGPT is a large language model (LLM) that has been trained to carry on dialogue. What does that mean?

Language Model

Language models are machine learning models that are trained on how to continue a sentence. So, I were to say:

    At the stroke

the model tells me probable ways in which that sentence continues. Perhaps, it is:

    At the stroke of midnight [70%]

    At the stroke of a pen [30%]

This is because the language model has been shown enough text — speeches, articles, books, articles, reviews, etc. — and it has learned what words are likely to follow others.

Memorization and generalization

LLMs learn word continuations in different contexts.