The lack of a world model only matters when the data NNs are trained on aren't valid measures of the world that data is taken to model. All the moves of a chess game are a complete model of chess. All the books ever written aren't a model of, well, anything -- the structure of the universe isnt the structure of text tokens.
The only reason all statistical algorithms, including NNs, appear to model the actual world is because patterns in data give this appearance: P(The Sun is Hot) > P(The Sun is Cold) -- there is no model of the sun here.
The reason P("The Sun is Hot") seems to model the sun, is because we can read the english words "sun" and "hot" -- it is we who think the machine which generates this text does so semantically.. but the people who wrote that phrase in the dataset did so; the machine is just generating "hot" because of that dataset.