Look at the positive side of things.
At least with it running as a slideshow on the PS4 it’s going to be easier to count those extra pixels! If it was running at 60fps like the XB1 you might never see!
Microsoft had this working 3-ish years ago via Remote FX extensions to Hyper-V.
The issue is people in general have crap Internet connections and the latency means you would need to spread many thousands of mini data centres around the country.
Did you miss the whole “YouTube on Windows Phone” debacle?
Microsoft did all the work themselves to create the app. Google literally had to do nothing.
Instead they intentionally went out of their way and blocked it. Welcome to the “new Google”.