Google may cut ties with Scale AI
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 16 June 2025
⏱️ 7 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | It's great to have you here on this Monday, June 16th. I'm Julie Morgan. Big Tech Shuffles AI ties. |
| 0:15.0 | Investors tighten the corset at Victoria's, and Southwest upgrades safety for the cockpit. |
| 0:24.0 | Google is reportedly planning to part ways with Scale AI following an announcement that Meta Platforms |
| 0:29.9 | is taking a 49% stake in the startup. Raiders reported citing people with knowledge of the matter |
| 0:36.5 | that Google had planned to pay Scale AI around $200 million this year for the human label training data which is vital for developing technology, including the AI models behind its chatbot Gemini. |
| 0:50.0 | If you remember, we told you last week that META announced a $14.3 billion investment in |
| 0:56.2 | Skao, acquiring a 49% stake in valuing the San Francisco-based company at over $29 billion. |
| 1:04.3 | A key aspect of the deal includes the CEO of Scale to join META to head its super superintelligence team focused on artificial general intelligence. |
| 1:14.3 | Other major technology companies, which are customers of scale, including Microsoft, are also |
| 1:19.8 | backing away. XAI is also looking to exit, according to the report. |
| 1:25.2 | Companies that compete with meta in developing AI models are worried that doing business with scale could reveal their research priorities. |
| 1:34.3 | Seeking Alpha reached out to scale, Google, Microsoft, and Open AI, but they did not immediately respond to a request for comment. |
| 1:43.8 | Victoria's Secret is facing more shareholder pressure to overhaul its board and boost its stock performance. |
| 1:50.9 | The Wall Street Journal reported that Barrington Capital Group, which owns an over 1% stake in Victoria's Secret, |
| 1:57.7 | and plans to buy more shares, believes that the company's current management, including |
| 2:02.1 | its CEO, lacked the strategic clarity to drive a turnaround. |
| 2:06.6 | Barrington is planning to ask the company to consider replacing a majority of its board with |
| 2:11.7 | new independent directors and refocus on its core braw business to boost stock performance. |
| 2:18.3 | It also sees opportunities to unlock value in VSCO's beauty business, |
| 2:23.1 | which alone may be worth about as much as the company's current market value. |
| 2:27.4 | A Victoria's secret spokesperson said the company had not heard from Barrington yet, |
... |
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