Either one. An LLM cannot solve 3+5 by adding 3 and 5. It can only "solve" 3+5 by knowing that within its training data, many people have written that 3+5=8, so it will produce 8 as an answer.
An LLM, similarly, cannot simulate a Turing machine. It can produce a text output that resembles a Turing machine based on others' descriptions of one, but it is not actually reading and writing bits to and from a tape.
This is why LLMs still struggle at telling you how many r's are in the word "strawberry". They can't count. They can't do calculations. They can only reproduce text based on having examined the human corpus's mathematical examples.