How much of that is product engineering and how much is leasing access to capital during a GPU demand spike?

Why does it matter? You're just describing another case where losses get spread around but gains are claimed by those at the top.

	▲	typewithrhythm 4 days ago \| parent [-]
		Because the idea of productivity per employee its relevant to look at capital spending as well. Otherwise people claim Microsoft is successful and hires well (with outsourcing or RTO or whatever), but in reality they are in a shift to a more capital intensive business.