The Large Meaning Model is not a token predictor and not a physics simulator. It occupies a third position — and the contrast is what clarifies what it actually is.
Large Language Models are autoregressive sequence predictors trained on observational corpora; they learn what humans are statistically likely to say in surveilled public forums. World Models — the frontier represented by LeCun and others — internally simulate physical reality. Both are valuable. Neither captures what a person wants when they are not being watched.
The sharpest framing: the LMM is a socio-economic resolution model — orthogonal to text-prediction and physics-prediction. It learns to map declared natural-language intent onto actionable classification, expected outcome, and counterparty match, conditioned on the full history of declared-and-resolved signals.