However, I'm always suspicious of how innovative patents actually are so it wouldn't surprise me to find out it's just barely different than what CUDA or unified memory on game consoles can do.
There's the linked patent itself [0] - but that specifically seems to refer to using the MMU as the part that's doing this dynamic allocation and translation - but the majority of those resources above are "before" address translation, with the MMU often being more at the L2 cache level rather than embedded within the shader clusters themselves. Maybe this isn't the "normal" MMU and instead a simpler address translator specifically for those resources that has been added of for this? Or is it something like the parameter buffer (The block of memory used to store the intermediate data between the tiling & rasterization state, and the pixel shaders). That has been "dynamically allocated" in a similar way since Apple were just taking PowerVR cores directly.
And then what is the cost of this re-allocation? If there's a cost to performance to allocating new pages, or (like worse) running out of spare pages, it might mean the (graphics API) user still has to be aware of their resource usage in scheduling shaders, so less of the promise of "Just throw things at the hardware and it'll do things optimally" than people might hope.