CoinMeta data: Debt issuance of AI plummeted from $113 billion to $23 billion within three months, while transactions related to data center loans of Oracle amounting to approximately $18 billion were also below par. According to Morgan Stanley, global debt issuance related to AI dropped to $23 billion in September, halving from the level in August and far below the peak of $113 billion in June. Although financing has not disappeared, AI related borrowing reached about $466 billion in the first nine months of 2026, reflecting the company's active financing and expansion efforts at the beginning of the year.