the concept of a transformer could have been used on much slower hardware much earlier.

It could have been done in the early 1970s -- see "Paper tape is all you need" at https://github.com/dbrll/ATTN-11 and the various C-64 projects that have been posted on HN -- but the problem was that Marvin Minsky "proved" that there was no way a perceptron-based network could do anything interesting. Funding dried up in a hurry after that.