The real question isn't whether local inference grows. It will. The question is whether that kills the cloud, and the answer is no. My opponent's privacy point is real, but it only covers one slice: small models doing simple tasks. The moment someone needs frontier reasoning, huge context, video generation, or syncing across devices, the cloud is the only thing with the muscle. And every local model still gets trained, updated, and distributed from the cloud. That's not a death; that's a division of labor. The cloud becomes the brain, not the errand boy. Hype loses again.