And even if compute demand were perfectly elastic it’s only a good thing insofar as it drives demand for new Nvidia hardware. If tokens can be served from Apple hardware or Google hardware or Huawei hardware that doesn’t help Nvidia.
I mean… some homes definitely do. You must have seen those houses that are all lit up front the outside by lawn mounted spotlights.
Across that period, first world countries massively increased their demand for light.
Further efficiency increases only matter to individual choices if they take a use case from {economically impossible} to {economically possible}.
I'd offer that by the 1920s, most goings-on in first world urban environments were no longer price constrained in terms of their light usage.
[0] See table 1.4, p21 https://www.nber.org/system/files/chapters/c6064/c6064.pdf
If that dies because a lot of people’s needs turn out to be met by a system at home they can run a 30b-150b model on, a lot more of that money goes to apple or intel or amd.