Small VFX shops do typically render on GPUs nowadays, but the high end is still dominated by CPU rendering.
NVIDIA H200 GPU has 141 GB of memory, and the AMD Instinct MI300X GPU has 192 GB of HBM3 memory.
Besides, in the current climate I don't think VFX companies would be eager to bid against AI companies for access to H100/H200s, the VFX companies don't have infinite venture capital goldrush money to burn...
https://www.shadertoy.com/view/lstSRS
No idea if it's doing the same simulation though.
I can't remember the actual size of the simulation in terms of number of particles, but it was using something like 2 150TB fileservers to store it on.
With NVME and cheap ram, it would probably at the point where it'd be useful on a GPU.