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Sounds like a Chromebook with extra steps. Today you can install "Cloudready" to turn your desktop/laptop into something very much like a Chromebook.
https://distrowatch.com/table.php?distribution=cloudready
News to me update: Looks like their next version is ChromeOS Flex and it is available at:
https://chromeenterprise.google/os/chromeosflex/ Yay- Googleify me!
It would be similar. But would actually potentially need even less power. Since it wouldn't even need the web browser. Just enough to decode the live stream and encode hardware back. Which is generally included in a lot of SoCs and if not already, they would be.
The main difference is going to be that the entire desktop of everything will be hosted remotely.
"The Cloud" is just another name for someone else's computer