Moore's law, even if it has had the occasional slow down or hiccup, always wins over time. 128gb or more of local memory will likely be in many cellphones within a decade.
The first iPhone had only 128mb of RAM. Today I can buy one with 12gb - in just under 20 years we got a ~9275% increase in RAM. I can get 24GB in flagship Android handsets.
Even if we only get 3000% storage space growth in the next 10 years, that still grants us all an iPhone with ~370gb of RAM. Gosh knows what high end desktops and laptops will be packing...
Of course a lot of AI processing is going to push out to the edge.
Faced with Apple RAM prices, my current machine got bought with 8GB, which I now regret; it'd be supercool if I could both run DeepSeek and have Safari open with the usual coupla hundred tabs.