Jefferies' Brent Thill: The amount of skepticism and negativity around tech is ‘ultra high'

• Google and Microsoft's AI investments are accelerating revenue and improving margins, contrasting with past tech bubbles like the dot-com bust.
• AI is the number one topic for global boards, indicating its immediate and widespread impact across industries.
• Despite high skepticism and negativity around tech, major platforms like Google, Amazon, Microsoft, and Meta are expected to benefit significantly from AI, even as job market impacts are observed.

Brent Thill of Jefferies discusses how major tech companies like Google and Microsoft are already seeing accelerated revenue and improved margins from their AI investments, distinguishing this cycle from past tech busts. Despite current market skepticism and job market concerns, he believes key platforms are well-positioned for long-term benefits.