No. One can safely infer the semantics, because how we generally use language is what is encoded, and that how is closely related to the semantics. I imagine that this is why so-called "hallucinations" occur, when there is a subtle (or not so subtle) disconnect between the usage statistics and the semantics. (For example, satire or sarcasm isn't understood by the LLMs, so we get advice like use glue to make cheese 'stick' to pizza.)