The toaster in question will have an ARM microcontroller with an AI enclave powerful enough to be used as part of a distributed LLM training network; the toasty side of the arrangement runs on the waste heat.
The "human will have the general intelligence of an average toaster" is the result of enshittified media toxicity, not Moore's Law. (Humans getting stupider, not toasters getting smarter, in other words.)
https://mstdn.social/@Remittancegirl/113526173743083733