Now this is true, I do agree with this. There is indeed a good amount of memorization that is still taking place; see [1]. But it definitely isn't all memorization, or indeed, majority memorization. And even if we are able to extract things verbatim like this, we do not know how this is stored internally, as this may simply be the text that, with the rest of the internet in context, can be very radically compressed.
But in general, yes, the LLM cannot know about concepts that are far outside of its training set. Humans are the same, I would argue. If you add a good amount of your own knowledge into its context, or better yet, into finetuning, you might find it surprisingly easy to get it caught up on that material.
[1] Ahmed, A., Cooper, A. F., Koyejo, S., & Liang, P. (2026). Extracting books from production language models. arXiv preprint arXiv:2601.02671. https://arxiv.org/abs/2601.02671.