If frontier AI models plateau, then on-device inference and open source models could catch all the way up.Great for consumers and developers. Amazing for getting intelligence too cheap to meter, for AI-enabled hardware, and for the garden of intelligent things.But bad for business models premised on continuing exponential AI capex spend…including the US economy itself.Michael Dempsey (@mhdempsey):the image on the left might be the most underappreciated chart in technology right now. https://t.co/RxtHlgaNIE ...