Ever wonder what credit deal documents are really telling us beneath the surface? There's this company called Noetica—run by Dan Wertman—doing something pretty clever. They've built AI tools that don't just read loan agreements and bond terms, they actually track how language shifts over time. Think of it as sentiment analysis meets legal archaeology. When issuers start tweaking covenant language or adjusting risk disclosures, that's not random noise. It's often an early signal. Market participants are basically leaving breadcrumbs in the fine print, and machine learning is picking up patterns humans might miss scrolling through hundreds of pages. Makes you think about how many weak spots in credit markets are hiding in plain sight, just waiting for someone—or something—to connect the dots.