Eigenvalue distribution of the Neural Tangent Kernel in the quadratic scaling

We compute the asymptotic eigenvalue distribution of the neural tangent kernel of a two-layer neural network under a specific scaling of dimension. Namely, if $X\in\mathbb{R}^{n\times d}$ is an i.i.d random matrix, $W\in\mathbb{R}^{d\times p}$ is an i.i.d $\mathcal{N}(0,1)$ matrix and $D\in\mathbb{R}^{p\times p}$ is a diagonal matrix with i.i.d bounded entries, we consider the matrix \[ \mathrm{NTK} = \frac{1}{d}XX^\top \odot \frac{1}{p} σ'\left( \frac{1}{\sqrt{d}}XW \right)D^2 σ'\left( \frac{1}{\sqrt{d}}XW \right)^\top \] where $σ'$ is a pseudo-Lipschitz function applied entrywise and under the scaling $\frac{n}{dp}\to γ_1$ and $\frac{p}{d}\to γ_2$. We describe the asymptotic distribution as the free multiplicative convolution of the Marchenko--Pastur distribution with a deterministic distribution depending on $σ$ and $D$.