Coin Bureau|Apr 10, 2026 08:15
🚨NEW: Bittensor TAO crashes 16% as Covenant AI exits over centralization claims.
Covenant's statement:
• Revenue halted without warning
• Governance stripped from community
• Infrastructure changes implemented top-down
• "Controlled by a few actors, not decentralized"
This is the project that trained Covenant-72B, a 72B parameter LLM built by 70+ contributors on consumer hardware.
Jensen Huang praised the same.
Anthropic's co-founder endorsed it.
Centralisation claims pushed TAO from $337 → $270 in 24 hours, a big hit for decentralised AI.(Coin Bureau)
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