I would judge the level of the result that ChatGPT found in under two hours to be that of a perfectly reasonable chapter in a combinatorics PhD. It wouldn't be considered an amazing result, since it leant very heavily on Isaac's ideas, but it was definitely a non-trivial extension of those ideas, and for a PhD student to find that extension it would be necessary to invest quite a bit of time digesting Isaac's paper, looking for places where it might not be optimal, familiarizing oneself with various algebraic techniques that he used, and so on.