Yep. That's why the headline is incorrect. 380GB of the model on CPU system RAM and 32GB on some ARC GPUs. The ratio, 380/32, is obvious. Most of the processing is being done on the CPU. The GPU are little bit icing in this context. Fast, sure, but having to wait for the CPU layers (that's how layer splits work with llama.cpp).
I think changing the end of headline to "Xeon w/380GB RAM" would stop it from being incorrect and misleading.