I think it's multiplication. The odds are low but the number of potential instances is larger. Data centers have larger numbers of machines and those machines are doing repeated work where you observe the result.

Personal machines are typically limited by what your senses can handle. There are few of them for starters. They idle a lot. If many pieces failed inexplicably it's not likely to be something you are personally paying attention to with your senses.

(I have personally observed ram and disk failures on personal machines anyway. And I have seen stuff in my dmesg indicating hardware faults on my personal desktops, but rarely in a way that I notice in actual use not looking at dmesg.)