According to Apple, the GPU of M3 Ultra has 80 graphics cores, which should mean 10240 FP32 execution units, the same like an NVIDIA RTX 4080 Super.
However Apple does not say anything about the GPU clock frequency, which I assume that it is significantly less than that of NVIDIA.
In comparison, a dual-socket AMD Turin can have up to 12288 FP32 execution units, i.e. 20% more than an Apple GPU.
Moreover, the clock frequency of the AMD CPU must be much higher than that of the Apple GPU, so it is likely that the AMD system may be at least twice faster for computing some graphic application than the Apple M3 Ultra GPU.
I do not know what facilities exist in the Apple GPU for accelerating the computations with low-precision data types, like the tensor cores of NVIDIA GPUs.
While for graphic applications big server CPUs are actually less compute constrained than almost all consumer GPUs (except RTX 4090/5090), the GPUs can be faster for ML/AI applications that use low-precision data types, but this is not at all certain for the Apple GPU.
Even if the Apple GPU happens to be faster for some low-precision data type, the difference cannot be great.
However a server that would beat the Apple M3 Ultra GPU computationally would cost much more than $10k, because it would need CPUs with many cores.
If the goal is only to have a system with 50% more memory and 40% more memory bandwidth than the Apple system, that can be done at a $10k price.
While such a system would become compute constrained more often than an Apple GPU, it would still beat it every time when the memory would be the bottleneck.