I say this as a lover of FHE and the wonderful cryptography around it: While it’s true that FHE schemes continue to get faster, they don’t really have hope of being comparable to plaintext speeds as long as they rely on bootstrapping. For deep, fundamental reasons, bootstrapping isn’t likely to ever be less than ~1000x overhead. When folks realized they couldn’t speed up bootstrapping much more, they started talking…
Your GPU was, and we also used to have dedicated math coprocessor accelerators. Now most of the expansion card tech is all done by general purpose hardware, which while cheaper will never be as good as a custom dedicated silicon chip that's only focused on 1 task.
Its why I advocate for a separate ML/AI card instead of using GPU's. Sure their is hardware architecture overlap but your sacrificing so much because your AI cards are founded on GPU hardware.
I'd argue the only AI accelerators are something like what goes into modern SXM (sockets). This ditches the power issues and opens up more bandwidth. However only servers have the sxm sockets....and those are not cheap.