Since you've been able to edit high-res (haven't tried 8K but 4K and 6K been working fine) footage on commodity hardware (that costs way less than $5000) for... years, via editing software that supports operations via GPU (like DaVinci Resolve), you still think it's the best innovation in the tech industry? Add to it that the M1 is proprietary, only developed for one OS and one company, it feels less like innovation for the industry and more like Apple-specific innovation.

Also, the argument that only $5000 could edit high-res footage is false even without the invention of GPU editing. Proxy clips been around for as long as I've done video editing, even though the experience is worse, it's been possible to edit at reduced resolutions for a long time.