In my opinion the key takeaway is that compute is becoming commoditized much more rapidly than anyone expected, and that IP is becoming less and less relevant compared to fabrication, energy and land. For consumers of cloud infrastructure, there is little concern how many teraflops per cubic meter or per watt hour other than very locality-specific edge use-cases.

Laptops and phones are are already a SoC with IO in a particular form factor, and sever farms will go in the same direction with minor differences in the energy or rack density that come out in the wash.