Local computing is the original Wintel party line, he's reflecting Intel's wish to go back to glory days.
Better cloud argument can be made from a made up Big Brother horror story, like Amazon or Apple or Google or Microsoft monitoring your internet preferences.
When Shekhar Borkar talks, the world listens. It is evident that issues related to ultra low submicron CMOS technologies will keep the power burning. But I am confident we can get this sorted out in the next few years.
Replay available now: A handful of emerging network technologies are competing to be the preferred wide-area connection for the Internet of Things. All claim lower costs and power use than cellular but none have wide deployment yet. Listen in as proponents of leading contenders make their case to be the metro or national IoT network of the future. Rick Merritt, EE Times Silicon Valley Bureau Chief, moderators this discussion. Join in and ask his guests questions.