Yes, it's trending in that direction, and I've been experimenting with pretty small models on my PC as I don't really have the hardware to go large. If you've got the coding chops to set it up, it's definitely something to keep an eye on.
There's actually scope for someone to set up / sell local compute hardware+software packages, similar to all those coin miners. Give the end user a way to update models, or push models out to them or something, it seems it would be a good middle ground between manually typing code like a peasant and total corporate AI apocalypse.