Realistically you need +300GB/s fast access memory to the accelerator, with enough memory to fully hold at least greater than 4bit quants. That's at least 380GB of memory. You can gimmick a demo like this with an ssd, but the ssd is just not fast enough to meet the minim specs for anything more than showing off a neat trick on twitter.
The only hope for a handheld execution of a practical, and capable AI model is both an algorithmic breakthrough that does way more with less, and custom silicon designed for running that type of model. The transformer architecture is neat, but it's just not up for that task, and I doubt anyone's really going to want to build silicon for it.