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It is the best area to save weight because nobody makes a lightweight bolt, so it's the only part that currently is not as light as it could be...
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There are STILL plenty of areas where weight
COULD be cut.
Titanium carrier key
An
ACTUAL Carbon Fiber (mat) upper & lower receiver (and yes, it would be damn expensive)
The barrel, it COULD go quite a bit lighter than anyone has dared to go. The FN P90/PS90 has a barrel diameter PAST the chamber of .428! It would probably be very prudent to wrap it with Carbon Fiber for rigidity. It’s the exact same bore diameter as the AR-15 (.224) And it’s close in pressure (52,000 C.U.P.)
There are other places to cut weight but it all comes down to one thing...................money.
It’s conceivable that a 2 pound AR is possible, but it could wind up costing north of $3,000.00 - $4,000.00