Workday Inc. Chief Executive Officer Aneel Bhusri said leading AI companies like Anthropic — which investors fear will disrupt the software industry — actually use his company’s products.

Wesco International Inc. attracted almost $6 billion of orders for its junk bond offering on Tuesday, underscoring investors’ appetite for companies riding the artificial-intelligence boom.

WiseTech Global Ltd. plans to cut about 2,000 jobs — almost 30% of the workforce — under an AI-driven revamp, crystallizing efficiencies from artificial intelligence that are upending the global software industry.

HP Inc. gave a profit outlook for the current quarter that may fall short of estimates and said full-year earnings will likely hit the lower end of a previously forecast range as the company copes with tariffs and the rising price of memory chips.

OpenAI said Tuesday it has appointed Arvind KC as chief people officer, tapping the former Roblox Corp. executive to oversee hiring, orientation and employee development as the ChatGPT maker continues to expand.

Gold declined slightly, extending a loss in the previous session, on reduced expectations that the US Federal Reserve will cut interest rates in the near term.

Oil gained as traders weighed the odds of a nuclear agreement between the US and Iran ahead of talks on Thursday, as a huge deployment of American forces in the Middle East kept the market on edge.

Stocks in Asia looked set to climb after a rally in technology firms boosted Wall Street, easing some concerns about the disruptive impacts of artificial intelligence.

JPMorgan Chase CEO Jamie Dimon, asked about fierce competition across the financial industry, said he’s starting to see parallels to the era before the 2008 financial crisis, when a rush to make loans ended disastrously. “Unfortunately, we did see this in ’05, ’06 and ’07, almost the same thing — the rising tide was lifting all boats, everyone was making a lot of money,” Dimon told investors on Monday. While JPMorgan isn’t willing to make riskier loans to boost net interest income, he said, “I see a couple people doing some dumb things. They’re just doing dumb things to create NII.” Dimon, who led the largest US bank through the 2008 financial crisis and scooped up two major competitors that collapsed, said he expects the credit cycle will eventually sour again — though he is not sure when. Bloomberg News Finance Reporter Katherine Doherty joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)

Catherine Gaffigan, president of health solutions at Elevance Health, says utilization is a key driver of rising health care costs. She tells Romaine Bostick and Kristine Aquino on The Close that factors include an aging population and higher pharmaceutical and hospital expenses. (Source: Bloomberg)