The associated paper[2] goes into a lot more detail, and includes interactive features that help illustrate how the model "thinks" ahead of time.
[1] https://www.anthropic.com/research/tracing-thoughts-language...
[2] https://transformer-circuits.pub/2025/attribution-graphs/bio...
I have a hot dog _____
The word in the blank is not necessarily determined when the sentenced is started. Several verbs fit at the end and the LLM doesn't need to know which it's going to pick when it starts. Each word narrows down the possibilities:
I - Trillions Have - Billions a - millions hot - thousands dog - dozens _____ - Could be eaten, cooked, thrown, whatever.
If it chooses cooked at this point that doesn't necessarily mean that the LLM was going to do that when it chose "I" or "have"