In general, constraints require optimizations and rearchitectures. I'd also expect the ram shortage for instance to have a big impact on the software industry as a whole, specially in games. They will need to make do with what people have, a ps5/pro or similar in PC power.
I actually think it is a good thing to introduce constraints to AI and the overall tech industry. Hopefully everyone will have to look at improving performance without having to add RAM or increase CPU/GPU performance.
As long as these constraints are for everyone and not just for thee and not for me, and become an instrument for big tech to keep consumers dependent on their infra.