The Data Desk · Downloads

Take the numbers with you.

The dataset behind the site, regenerated with every build: the tests on the Docket, the results, who is on each side, the companies and people, and the tape. CSV for a spreadsheet, JSON for code.

12 files and 17 grid CSVs · built October 21, 2026 · as of

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  1. tests

    78 rows · 18 columns

    Every dated test on the Docket: one row per watchlist item, with its ISO date and precision, status, the source of the date and how it resolves.

    CSV · 39.5 KB JSON · 120.5 KB

    Columns: id, part, story_slug, story_headline, index, when, date, precision, status, result_id, event, source_kind, source_ref, source_url, resolver_kind, resolver_rule, call_expects, call_probability

    Source. DeepStack’s stories and content/tests.json; dates come from the published FOMC calendar, the Financial Modeling Prep economic and earnings calendars, and the stories themselves, named per row in source_ref.

    License. CC BY 4.0 for DeepStack’s own fields (attribution: DeepStack, deepstack.ltd). Third-party figures keep their owners’ terms, named in the row that carries them. Analysis and opinion, not investment advice.

  2. results

    2 rows · 12 columns

    How each test came in: the verdict (the answer to the test’s question), the reading against the Call (call_verdict: confirmed when the result is the one the Call expected, refuted when it is not, informed when the Call expected either), the headline, the paragraphs, the evidence with its source and date, and what it did to the Call. Published only after a human review.

    CSV · 3.0 KB JSON · 18.5 KB

    Columns: id, test_id, part, story_slug, resolved_on, verdict, call_verdict, headline, body, evidence, call_update, approved_at

    Source. DeepStack results; every evidence row names its primary source (FOMC statements, FRED, BLS, company filings). No Financial Modeling Prep or Polygon figure is used as evidence.

    License. CC BY 4.0 for DeepStack’s own fields (attribution: DeepStack, deepstack.ltd). Third-party figures keep their owners’ terms, named in the row that carries them. Analysis and opinion, not investment advice.

  3. sides

    484 rows · 13 columns

    Who is on each side of each story’s question: one row per voice, with the side, the paraphrased position, the date and a link where one was verified.

    CSV · 221.3 KB JSON · 388.4 KB

    Columns: part, story_slug, question_id, question, side_id, side_label, voice, entity_slug, date, claim, url, access, link_verified

    Source. Paraphrases of public writing, attributed by name; the authors own their words and are quoted within fair use. DeepStack’s structure, side labels and ids are its own.

    License. CC BY 4.0 for DeepStack’s own fields (attribution: DeepStack, deepstack.ltd). Third-party figures keep their owners’ terms, named in the row that carries them. Analysis and opinion, not investment advice.

  4. companies

    49 rows · 9 columns

    The companies in The Buildout: ticker, the parts each appears in, the one-paragraph summary assembled from the stories, and the counts of reported figures, mentions and positions.

    CSV · 7.9 KB JSON · 249.3 KB

    Columns: slug, name, ticker, parts, summary, reported_figures, mentions, positions, last_updated

    Source. Assembled from DeepStack’s stories. Reported figures reference the sources named in each story; no market quote is included.

    License. CC BY 4.0 for DeepStack’s own fields (attribution: DeepStack, deepstack.ltd). Third-party figures keep their owners’ terms, named in the row that carries them. Analysis and opinion, not investment advice.

  5. people

    113 rows · 9 columns

    The people whose arguments the stories weigh: role, the parts each appears in, the summary, and the counts of mentions and attributed positions. No score, ranking or accuracy, for anyone.

    CSV · 28.2 KB JSON · 339.9 KB

    Columns: slug, name, role, parts, summary, reported_figures, mentions, positions, last_updated

    Source. Assembled from DeepStack’s stories; what a person argued is reported and attributed, never rated.

    License. CC BY 4.0 for DeepStack’s own fields (attribution: DeepStack, deepstack.ltd). Third-party figures keep their owners’ terms, named in the row that carries them. Analysis and opinion, not investment advice.

  6. tape

    68 rows · 21 columns

    The tape: every figure reported in The Buildout, one row each, with the story it comes from, the source and date in context and, once the owner approved it, the provenance of the figure: unit, universe, period, source and link, date read, transformation, limits, chart, test, whether the Call rests on it.

    CSV · 50.0 KB JSON · 76.0 KB

    Columns: id, part, story_slug, story_headline, published, value, label, context, unit, universe, period, source_label, source_url, as_of, transformation, limits, chart, test, behind_the_call, approved_by, approved_at

    Source. Figures as reported in the stories, each naming its source in the context column (FactSet, CNBC, company filings, the authors cited). Third-party figures keep their owners’ terms; DeepStack’s selection and labels are its own.

    License. CC BY 4.0 for DeepStack’s own fields (attribution: DeepStack, deepstack.ltd). Third-party figures keep their owners’ terms, named in the row that carries them. Analysis and opinion, not investment advice.

Versions

Every cut of the dataset, dated.

A version is cut when the content changes. Each keeps the six files under their dated names, with what changed since the version before; the plain names above always carry the latest build. The list as data: index.json.

  1. 6 files · 793 rows · current

    • tests: 4 rows added (p17-t01, p17-t02, p17-t03, p17-t04), 2 changed (p09-t02, p11-t01).
    • sides: 20 rows added (Part 17, Michael Burry, Part 17, Steve Eisman, Part 17, The Bear Cave, Part 17, Scott Galloway, Part 17, Harley Bassman and 15 more), 4 changed (Part 14, Bronte Capital, Part 15, Artisan Partners, Part 15, Harris Associates Oakmark, Part 15, Smead Capital Management).
    • companies: 1 row added (s-p-global), 48 changed (alibaba, alphabet, amazon, amd, anthropic and 43 more).
    • people: 7 rows added (erik-townsend, haim-zaltzman, nick-nemeth, s-p-global-ratings, the-bear-cave and 2 more), 106 changed (abhi-yadav, alasdair-mann, alex-immerman, alex-karp, amin-vahdat and 101 more).
    • tape: 4 rows added (Part 17, Leases signed but not yet begun at Microsoft, Oracle, Meta, Amazon and Alphabet, mid-2026, Part 17, Approximate threshold of Meta's residual value guarantees on the Hyperion venture, June 30, 2026, with no liability recorded, Part 17, Liability on Alphabet's data center credit derivatives as a share of their notional amount, June 30, 2026, Part 17, Share of Oracle's operating cash from customer prepayments with a financing component, quarter to Aug 31, 2026).

  2. 6 files · 740 rows

    • tests: 3 rows changed (p10-t01, p11-t01, p12-t01).
    • sides: changes in the JSON only, in fields the CSV does not carry.
    • companies: 48 rows changed (alibaba, alphabet, amazon, amd, anthropic and 43 more).
    • people: 106 rows changed (abhi-yadav, alasdair-mann, alex-immerman, alex-karp, amin-vahdat and 101 more).

  3. 6 files · 740 rows

    • tests: 9 rows added (p15-t01, p15-t02, p15-t03, p15-t04, p16-t01 and 4 more), 1 changed (p11-t02).
    • sides: 41 rows added (Part 15, Michael Howell, Part 15, Andrew Sheets, Part 15, Matthew C. Klein, Part 15, Luke Kawa, Part 15, Kris and 36 more).
    • companies: 48 rows changed (alibaba, alphabet, amazon, amd, anthropic and 43 more).
    • people: 10 rows added (andrew-sheets, artisan-partners, blue-tower-asset-management-llc, daniel-nishball, david-rosenberg and 5 more), 96 changed (abhi-yadav, alasdair-mann, alex-immerman, alex-karp, amin-vahdat and 91 more).
    • tape: 8 rows added (Part 15, 10-year Treasury yield at the close of October 5, 2026, its highest close since May 2002, Part 15, Rise in the 10-year real yield from February 27 to October 8, 2026, of the 10-year's 125, Part 15, Rise in 10-year breakeven inflation over the same dates, February 27 to October 8, 2026, Part 15, Brent spot price the EIA forecast for the fourth quarter of 2026, a barrel, Part 16, Days of sales Nvidia was owed at July 26, 2026, from 45.4 at April 26 and 3 more).

  4. 6 files · 630 rows

    • tests: 2 rows changed (p09-t01, p11-t03).
    • sides: 6 rows changed (Part 14, Ren, Part 14, Kakashii, Part 14, Michael Spencer, Part 14, Torsten Slok, Part 14, First Pacific Advisors and 1 more).
    • companies: 48 rows changed (alibaba, alphabet, amazon, amd, anthropic and 43 more).
    • people: 96 rows changed (abhi-yadav, alasdair-mann, alex-immerman, alex-karp, amin-vahdat and 91 more).

  5. 6 files · 630 rows

    • tests: 6 rows added (p10-t06, p12-t06, p14-t01, p14-t02, p14-t03 and 1 more), 19 changed (p03-t01, p04-t01, p07-t02, p08-t01, p08-t02 and 14 more).
    • sides: 23 rows added (Part 13, Amin Vahdat, Part 14, Market Sentiment, Part 14, Ren, Part 14, Harley Bassman, Part 14, Aurelion Research and 18 more), 1 removed (Part 13, Sonya Huang).
    • companies: 48 rows changed (alibaba, alphabet, amazon, amd, anthropic and 43 more).
    • people: 5 rows added (bronte-capital, dylan-patel, guinness-global-investors, harley-bassman, nathaniel-whittemore), 91 changed (abhi-yadav, alasdair-mann, alex-immerman, alex-karp, amin-vahdat and 86 more).
    • tape: 4 rows added (Part 14, Capital spending per dollar of operating cash, Microsoft, Alphabet, Amazon and Meta, second quarter of 2026, Part 14, Amazon's purchases of property and equipment against its operating cash, first half of 2026, Part 14, Microsoft's operating cash left after purchases of property and equipment, first half of 2026, Part 14, Alphabet's free cash flow, second quarter of 2026).

  6. 6 files · 567 rows

    • tests: the columns changed, from 16 to 18.
    • tests: 59 rows changed (p01-t01, p01-t02, p01-t03, p02-t01, p02-t02 and 54 more).
    • results: the columns changed, from 11 to 12.
    • results: 1 row changed (p03-t04).
    • sides: 2 rows added (Part 13, Alphabet, Part 13, TSCS), 2 removed (Part 13, Google, Part 13, tscsw).
    • companies: 48 rows changed (alibaba, alphabet, amazon, amd, anthropic and 43 more).
    • people: 5 rows removed (behind-the-balance-sheet, exelon, google, nrg-energy, tscsw), 91 changed (abhi-yadav, alasdair-mann, alex-immerman, alex-karp, amin-vahdat and 86 more).
    • tape: 4 rows changed (Part 13, Median rise in the household price per kilowatt-hour across the nine jurisdictions PJM serves, year to July 2026, Part 13, The national household price per kilowatt-hour over the same twelve months, Part 13, Shortfall against PJM's reliability requirement in the auction for the year from June 2027, the first since 2007, Part 13, Added transmission cost on Maryland bills over 10 years).

  7. 6 files · 572 rows

    • First version: tests (59 rows), results (1 row), sides (316 rows), companies (48 rows), people (96 rows), tape (52 rows).

The sides grids

One row per voice, one column per question.

Every sides page has a grid and a CSV with the same rows: the voice, its entity slug, the question, the side it holds, the claim clipped to 250 characters, its date and the verified link. The first line of each file states the license and the canonical address to cite.

  1. Part 05

    14 rows · 9 columns · 5 voices

    What does a frontier lab sell: a commodity, or a premium?

    CSV · 6.0 KB The grid Who is on each side

  2. Part 09

    43 rows · 9 columns · 13 voices

    How fast do habits break?

    CSV · 16.4 KB The grid Who is on each side

  3. Part 01

    7 rows · 9 columns · 5 voices

    Is the marginal buyer of AI compute real?

    CSV · 2.3 KB The grid Who is on each side

  4. Part 15

    46 rows · 9 columns · 21 voices

    Can the AI trade survive a 10-year Treasury above 5% and an oil shock at the same time?

    CSV · 19.4 KB The grid Who is on each side

  5. Part 06

    13 rows · 9 columns · 7 voices

    Is power scarcity a warning, or a moat?

    CSV · 5.4 KB The grid Who is on each side

  6. Part 02

    9 rows · 9 columns · 6 voices

    SpaceX after the IPO: exit liquidity, or the next ten-bagger?

    CSV · 3.5 KB The grid Who is on each side

  7. Part 11

    43 rows · 9 columns · 15 voices

    Do the orders turn into profit?

    CSV · 17.0 KB The grid Who is on each side

  8. Part 10

    37 rows · 9 columns · 16 voices

    Does the hardware hold its value?

    CSV · 14.9 KB The grid Who is on each side

  9. Part 14

    48 rows · 9 columns · 22 voices

    Is AI revenue arriving fast enough for the biggest spenders to pay for their data centers out of their own cash?

    CSV · 22.8 KB The grid Who is on each side

  10. Part 03

    10 rows · 9 columns · 6 voices

    The debt behind the machines: 1999 capex, 2008 credit, or neither?

    CSV · 4.0 KB The grid Who is on each side

  11. Part 07

    23 rows · 9 columns · 10 voices

    Why did the long end climb after the hike: growth, debt, or a missing buyer?

    CSV · 9.7 KB The grid Who is on each side

  12. Part 17

    37 rows · 9 columns · 20 voices

    How much of the AI buildout is debt the balance sheets do not show yet, and who carries it if a tenant walks away?

    CSV · 17.2 KB The grid Who is on each side

  13. Part 04

    17 rows · 9 columns · 9 voices

    Is the capex spending defense, or is the return not there?

    CSV · 7.7 KB The grid Who is on each side

  14. Part 12

    39 rows · 9 columns · 21 voices

    Does the frontier model still command a price?

    CSV · 15.3 KB The grid Who is on each side

  15. Part 13

    36 rows · 9 columns · 20 voices

    Who pays for the AI power bill?

    CSV · 15.1 KB The grid Who is on each side

  16. Part 08

    25 rows · 9 columns · 13 voices

    Who writes the checks for the buildout?

    CSV · 10.0 KB The grid Who is on each side

  17. Part 16

    37 rows · 9 columns · 20 voices

    How much of the money buying AI chips was lent, guaranteed or invested by the companies selling them?

    CSV · 17.3 KB The grid Who is on each side

The memos

One Part, one PDF.

Each memo carries the headline, The DeepStack Call with its history, the key numbers, who is on each side with the strongest case against each side, the dated tests with their specification, the results that came in and the sources. Printed from the published pages; the page stays the record.

  1. Part 17: The Guarantee Has No Date

    Oct 21, 2026 · 12 pages

    PDF · 345 KB Read the story

  2. Part 16: The Seller Holds the Paper

    Oct 19, 2026 · 11 pages

    PDF · 349 KB Read the story

  3. Part 15: Oil Is the Headline. The Real Yield Is the Bill.

    Oct 19, 2026 · 12 pages

    PDF · 354 KB Read the story

  4. Part 14: The Cash Arrives Unevenly

    Oct 14, 2026 · 13 pages

    PDF · 368 KB Read the story

  5. Part 13: The Ratepayer Pays First

    Oct 10, 2026 · 10 pages

    PDF · 318 KB Read the story

  6. Part 12: The Model Is Not the Price

    Oct 9, 2026 · 12 pages

    PDF · 346 KB Read the story

  7. Part 11: The Backlog Is Not the Quarter

    Oct 8, 2026 · 11 pages

    PDF · 327 KB Read the story

  8. Part 10: The Bubble Is in the Denominator

    Oct 7, 2026 · 11 pages

    PDF · 337 KB Read the story

  9. Part 09: Habit Was the Moat. Agents Are Draining It.

    Oct 3, 2026 · 10 pages

    PDF · 328 KB Read the story

  10. Part 08: AI Lenders Are Financing the End of Scarcity

    Sep 29, 2026 · 8 pages

    PDF · 285 KB Read the story

  11. Part 07: The Fed Hiked. The Long End Still Climbed.

    Sep 27, 2026 · 8 pages

    PDF · 285 KB Read the story

  12. Part 06: Power Doesn’t Depreciate. Its Premium Moves.

    Sep 19, 2026 · 6 pages

    PDF · 235 KB Read the story

  13. Part 05: OpenAI and Anthropic Are Not the Same Business

    Sep 11, 2026 · 5 pages

    PDF · 227 KB Read the story

  14. Part 04: AI Spending Has Met Its First Real Bill

    Sep 4, 2026 · 6 pages

    PDF · 257 KB Read the story

  15. Part 03: The Machines Will Work. The Debt Might Not.

    Aug 15, 2026 · 7 pages

    PDF · 249 KB Read the story

  16. Part 02: SpaceX Is Funding an AI Bet Before the Proof

    Aug 13, 2026 · 5 pages

    PDF · 211 KB Read the story

  17. Part 01: Nvidia’s Demand Is Real. Its Financing Is Fragile.

    Aug 10, 2026 · 4 pages

    PDF · 204 KB Read the story

Resolution packages

One page per settled question.

For each test that has come in, and for the next one specified by construction: the question, the rule, the official source, the ambiguity clause, the evidence, the verdict, the approver and the date, on one page. A demonstration of how DeepStack settles a question, not a contract.

  1. p03-t04

    Answer: yes · PDF · 121.5 KB

    Resolution package (PDF) The test on the Docket

  2. p07-t01

    Pending · PDF · 97.2 KB

    Resolution package (PDF) The test on the Docket

How to cite. DeepStack, “The Buildout dataset,” deepstack.ltd/data/download/, version 2026-10-21, retrieved on the date of download. Cite the dated file name (tests-2026-10-21.csv, not tests.csv): the plain files change with every build; the dated ones are kept under Versions. No market quote from a data vendor is included. Analysis and opinion, not investment advice.