Yes, sort of. Generally you can measure the pass rate on a benchmark given a fixed compute budget. A sufficiently smart model can hit a high pass rate with fewer tokens/compute. Check out the cost efficiency on https://artificialanalysis.ai/ (say this posted here the other day, pretty neat charts!)
It's much easier to measure a language model's intelligence than a human's because you can take as many samples as you want without affecting its knowledge. And we do measure human intelligence.
