But they are demonstrating with 16 cores + 30 GB/s & 128 cores + 190 GB/s. And to my understanding they did not really mention what type of computational load did they perform. So this does not sound too ridiculous. M1 max is pairing 8 cores + 400GB/s.
It is needed for analytic databases, e.g. ClickHouse: https://presentations.clickhouse.com/meetup53/optimizations/