It might look like "I" and "Me," but it doesn't contain the metaphysical essence of those terms because it lacks qualia. We have to remember that there is a non-measurable non-physical essential attribute tied to all things, almost like a phlogiston of understanding that is tied to all human utterances and no AI utterances.

LLM's can certainly emit "I" and "me" at the appropriate time. It doesn't seem all that different than representing other concepts as activations?

Why would you possibly think that?