They claim to have 3.5x as much on-chip memory as a GPU, but the R9 Fury X has 16.7 MiB of register memory compared to their 28MiB. And then of course there's caches on top of that (which funnily add up to less than the register memory, I believe).
I also don't get how they come up with those MAC numbers. An RX Vega 64 can do 27 TFlop/s of half-precision arithmetic, which is way more than 1/25x the 92 TOp/s they claim for the TPU. In fact, it makes the GPU look pretty damn good, considering the TPU only does 8-bit ops.
Of course I'd expect the TPU to beat a GPU in terms of perf/watt, but that's not what they're comparing on that particular slide.
There's the whole question of how you manage latency in inference, but then I'd expect them to talk about the utilization of the GPU resources relative to the theoretical peak.