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BenevolentAI gets cut in half

Summary:
BenevolentAI, the tech company backed by Neil Woodford, is set to see its valuation halved in its latest funding round, reported the Sunday Times yesterday.Valued at bn in April 2018 after it raised 5m, it is reported BenevolentAI is expecting its latest valuation to come in at just bn, following an investment from Singaporean sovereign wealth fund Temasek.The news follows an FT Alphaville investigation from June that explored the business’s escalating valuation and its close relationship with Woodford, once a highly regarded fund manager. FT Alphaville analysis suggested that just under a fifth of BenevolentAI’s shares were owned by Woodford’s Equity Income Fund and the Patient Capital Trust, as of 16 September 2018.Investors who will be taking a bath include the two Woodford

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BenevolentAI, the tech company backed by Neil Woodford, is set to see its valuation halved in...

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