A lot of laptops still don't support HDMI 2.1, and DP 2.0/2.1 only just came out (and I don't know if any displays are using it yet). There's also the bullshit the HDMI forum pulled where they relabeled HDMI 2.0 as HDMI 2.1 (years after HDMI 2.1 was out and established as "the one that can do 4k120hz no chroma subsampling" (a lot of implementations were around 40Gbps instead of the full 48Gbps because it was cheaper, and they didn't need the full 48Gbps for 4k120hz 10bit)), despite them having hugely different specs.
Displayport 2.0/2.1 is also a clusterfuck because they decided that it would max out at either 40Gbps or 80Gbps depending on the implementation (DP40 and DP80), and companies don't generally tell you what their implementation actually supports.
Macbook Pros only got HDMI 2.1 this year, iirc base and airs still don't have it. Intel iGPUs only do HDMI 2.0 and DP 1.4, AMD's Zen4 laptops can do HDMI 2.1 and DP 2.1 (idk what bandwidth). For dGPUs, AMD's 6000 series is HDMI 2.1+DP 1.4 (but there are issues with DSC), while 7000 series is HDMI 2.1 and DP 2.1 (DP80). Intel Arc dGPUs are DP 2.0 (DP40) and HDMI 2.1. Nvidia's 30 and 40 series are HDMI 2.1 and only DP 1.4.
edit: Also, people don't realize just how fucking huge an 8k framebuffer is, and you need multiple for a swapchain. Even for just basic 8bit colour you're looking at ~133MB per framebuffer.