Prior to this new AI age, your data was calculated and what was inferred about you was "shallow", but as of today. The sort of profile and things that can be known about you is scary especially if you are constantly engaged with cloud AI. IMO, the number one risk of using cloud AI is loss of privacy and loss of freedom. With AI and capabilities, more controls can be placed on people and the more you put yourself out there, the more you are going to lose.

For example, we now have self driving cars, we have cameras everywhere. Based on your chat with a cloud AI, you can automatically trigger an automatic monitoring event that follows and tracks you in the real world with the fleet of cameras, cars, GPU, cell signal. Your tracking due to AI has moved into the real world and eventually, a self driving car will take you in to be "processed" against your will, not even for what you posted in a public forum, but for your private ribbing and chatting with some cloud AI.

So definitely put local AI into the mix and keep personal stuff and thoughts local only.