The latest M5 MacBook Pro's start at 307 GB/s memory bandwidth, the 32-core GPU M5 Max gets 460 GB/s, and the 40-core M5 Max gets 614 GB/s. The CPU, GPU, and Neural Engine all share the memory.
The A19/A19 Pro in the current iPhone 17 line is essentially the same processor (minus the laptop and desktop features that aren’t needed for a phone), so it would seem we're not that far off from being able to run sophisticated AI models on a phone.