Depends on your definition of "the real world". The hardest real world problems are out of reach (and always will be, because we'll keep moving the goalposts), but it's already capable of handling easy real world problems, and we have quite a lot of those.

For example, it can answer homework problems and even help design lesson plans, but it can't design a lesson plan that resists ChatGPT-based cheating:

https://alexshroyer.com/posts/2022-12-04-Hello-ChatGPT.html