We have a magical pseudo-thinking machine that we can run locally completely under our control, and instead the goal posts have moved to "but it's not as fast as the proprietary could".
It's more cost effective for someone to pay $20 to $100 month for a Claude subscription compared to buying a 512 gig Mac Studio for $10K. We won't discuss the cost of the NVidia rig.
I mess around with local AI all the time. It's a fun hobby, but the quality is still night and day.