Yes, the genie is out of the bottle but could get back right in when it starts costing more, a whole lot more.

Local models are already good enough to handle some meaningful programming work, and they run very well on an expensive-but-not-unattainable PC. You could cheat your way through an undergrad CS curriculum with Qwen 80b, certainly, including most liberal-arts requirements.

The genie is not going back in the bottle no matter what happens, short of a nuclear war. There is no point even treating the possibility hypothetically.