People have done these sort of "optical computing" based demonstrations for decades, despite David Miller showing that fundamentally digital computing with optical photons will be immensely power hungry (I say digital here, because there are some applications where analog computing can make sense, but it almost never relies memory for bits).

Specifically this paper is based on simulations, and I've only skimmed the paper, but the power efficiency numbers sound great because they say 40 GHz read/write speeds, but these consume comparatively large powers even if not reading or writing (the lasers have to be running constantly). I also think they did not include the contributions of the modulation and the required drivers (typically you need quite large voltages)? Somebody already pointed out that the size of these is massive, and that's again fundamental.

As someone working in the broad field, I really wish people would stop these type of publications. While these numbers might sound impressive at a first glance, they really are completely unrealistic. There are lots of legitimate applications of optics and photonics, we don't need to resort to this sort of stuff.