{
  "schema": "aic.research-starting-points/1",
  "selected_on": "2026-10-26",
  "base_url": "https://aiinfracredit.com",
  "language": "en",
  "scope": "A curated navigation index for existing free research and reusable materials. Not a live data feed, normalized transaction database or investment recommendation.",
  "entries": [
    {
      "id": "data",
      "label": "COMPARE CASH AND CAPEX",
      "question": "Who paid for the capex?",
      "description": "Reconcile company cash flows, then keep lease cash, new assets and future commitments in separate columns.",
      "primary_path": "/en/research/a-capex-gap-is-not-a-bond-funding-gap",
      "primary_action": "Read the cash comparison",
      "resource_path": "/downloads/lease-cash-comparison/row-template.json",
      "resource_action": "Comparison template (JSON)",
      "resource_kind": "blank_json_template",
      "use_note": "The Meta and Oracle examples have different quarter ends; the Microsoft lease example is annual. The blank template contains no forecast and preserves unknown inputs as null."
    },
    {
      "id": "case",
      "label": "TRACE A FINANCING",
      "question": "Who funds Anthropic’s next buildout?",
      "description": "Separate cash received, conditional funding capacity and payment triggers in Anthropic’s first public S-1.",
      "primary_path": "/en/research/anthropic-cash-and-compute-conditions",
      "primary_action": "Read the case",
      "resource_path": "/downloads/anthropic-cash-conditions/evidence.json",
      "resource_action": "Evidence ledger (JSON)",
      "resource_kind": "source_linked_json_evidence",
      "use_note": "A dated filing analysis. Financial statements and later contract amendments have different dates; historical receipts and unused capacity are not current cash."
    },
    {
      "id": "model",
      "label": "TEST A FINANCING MECHANISM",
      "question": "Can a prepayment work for both sides?",
      "description": "Change the customer’s cost of capital and test the discount range both parties could accept. Hypothetical inputs, immediate results.",
      "primary_path": "/en/research/the-price-of-customer-capital#model",
      "primary_action": "Try the model",
      "resource_path": "/downloads/bilateral-prepayment-model.mjs",
      "resource_action": "Calculation (JavaScript)",
      "resource_kind": "javascript_model",
      "use_note": "A conditional pricing model with hypothetical inputs, not a company estimate, executable financing quote or calibrated probability."
    }
  ]
}