While that is big, it's not replacing a college student or college research anytime soon. It can certainly augment those activities and make them way more efficient/productive, but it's not a replacement. I don't think we will get to replacing humans this decade and maybe even not the decade after that.
MLM's ability to index data and discover patterns is amazing and will definitely be useful in the decades to come, especially in data science. Providing the model with historical reports and data, it can then predict with fairly good accuracy what is most likely to happen next. The NLM side of things makes human machine integration easier, the ability for a chat or voice bot to analyze a prompt and figure out what the most likely course of action is. Personal AI secretaries and assistants are going to be very big soon, especially if they can be divorced from "cloud data farming" and run locally in private locations.