Without dedicated GPUs, we consumers will get only weaker hardware, slower software and the slow death of graphics software market. See the fate of Chromebooks market segment - it is almost dead, and ChromeOS itself got abandoned.
Meanwhile, the same Google which made ChromeOS as a fresh alternative OS to Windows, Mac and Linux, is trying to gobble the AI market. And the AI race is on.
And the result of all this AI focus and veering away from dedicated GPUs (even by market leader nVidia, which is no longer having GPUs as a priority) is not only the skyrocketing price hikes in hardware components, but also other side effects. e.g., new laptops are being launched with NPUs which are good for AI but bad for gaming and VFX/CAD-CAM work, yet they cost a bomb, and the result is that budget laptop market segment has suffered - new budget laptops have just 8GB RAM, 250GB/500GB SSD, and poor CPU, and such weak hardware, so even basic software (MS Office) struggles on such laptops. And yet even such poor laptops are having a higher cost these days. This kind of deliberate market crippling affects hundreds of millions of students and middle class customers who need affordable yet decent performance PCs.