SITUATION EXPLAINED: 70% of frontier model queries could run locally for free. @ClementDelangue, co-founder and CEO of @huggingface: "There was an interesting study from Stanford published last year showing that 70% of the queries that people ask to ChatGPT could be accurately answered locally on your laptop. For free." "Most of the AI workloads that people do today with frontier models could be done by models that are cheaper, faster, more customizable, more controllable. And they don't do…