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You can run your own AI locally if you have powerful enough equipment, so that you're not dependent on paying a monthly fee to a provider. Smaller quantized models work fine on consumer-grade GPUs with 16GB RAM.
The major issue with AI providers like Anthropic and OpenAI at the moment is that they're all subsidizing the price. Once they start charging what it actually costs, I think some of the hype will die off.
Oh I know you can run it locally, but I don't think you can't create it locally because even if you had the compute, you don't have the training material.
I don't know how long AI companies are expecting to run at a loss. It is normal for a while for new bigtech. Though this is new scales. Hopefully this bubble with deflate rather than pop, just because the amount of money will have real world consequences.
You can rent computing power, just like everyone else, unless you’re willing to buy anything, which you can, but you’ll have to spend a good amount