We know things more like a database knows things than LLMs, which do not "know" anything in any sense. Databases contain data; our head contains memories. We can consult them and access them. LLMs do not do that. They have no memories and no thoughts.
They are not word-based. They contain only words. Given a word and its context, they create textual responses. But it does not "know" what it is talking about. It is a mathematical model that responds using likely responses sourced from the corpus it was trained on. It generates phrases from source material and randomness, nothing more.
If a fact is repeated in its training corpus multiple times, it is also very likely to repeat that fact. (For example, that the Eiffel tower is in Paris.) But if its corpus has different data, it will respond differently. (That, say, the Eiffel tower is in Rome.) It does not "know" where the Eiffel tower is. It only knows that, when you ask it where the Eiffel tower is, "Rome" is a very likely response to that sequence of words. It has no thoughts or memories of Paris and has no idea what Rome is, any more than it knows what a duck is. But given certain inputs, it will return the word "Paris."
You can't erase facts when the model has been created since the model is basically a black box. Weights in neural networks do not correspond to individual words and editing the neural network is infeasible. But you can remove data from its training set and retrain it.
Human memories are totally different, and are obviously not really editable by the humans in whose brains they reside.