(Though I'm not convinced it will. If you wanted to be a skeptic, you could argue that we're already in a huge content glut; there's basically infinite content available for almost free. So does radically lower the cost matter that much?
(Maybe in low-level ways, like it'll increase the abilities of small indie studio to produce high-level content. But to your average consumer, maybe it's not noticable.)
It's not about lowering the cost, it's about generating content that fits your specific preferences in real time. Forget on demand streaming of off-the-shelf content, people will want on demand content generation.
And then, as is tradition, the next step after that is giving you content you did not even know you wanted. That can be perverse marketing, feeding you sensationalized stuff that keeps you hooked 24/7¹ but the better alternative is something that is tailored to your general tastes, genres, writing styles, etc. so that you receive the content that is best received by you at that particular moment (matching your mood, your goals, your style)
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1. This image comes to mind... https://www.wallpaperflare.com/dystopian-cyberpunk-sad-virtu...
Your image seems apropos; I'm reminded of David Foster Wallace, as well, with his whole obsession w/ entertaining ourselves to death...
Because my experience with reading bedtime stories to kids is that they want to hear the. same. story. every. night.
Stable diffusion is about the only one of these useful groundbreaking models that can run on normal hardware to some extent, and even that's extremely limited with only like what, 256x256 being possible with a 6G card and 512x512 on a 10G card? So thanks for pointing out the one partial exception.
The training with a beefy GPU from vast.ai (RTX 3090 with 24vram) and Im generating the images with a GTX 1080 with 4vram, so no need for 6 or even 10 GVram from my testing