Just for reference, a MI300X is good for 5.3TBps aka 42Tbps.
Overally my hope still is we see some interesting disaggregated architectures form. Rather than be used for ToR switches only, I hope this sort of thing can be used for closely connecting small clusters. Ideally an advanced flash controller also would have such a device.
The material cost of cables and their energy efficiency grow terrifying. Photonics remain a key to helping us physically scale our systems effectively. Whomever can integrate & make this stuff cost effective, part of the rest of the chip making, has a huge lead. The numbers don't have to be colossal, if the integration is tight.