Bittensor sheds $900 million in market value as key AI developer exits amid in-fighting

A high-profile departure from Bittensor has triggered a steep sell-off in the decentralized artificial intelligence network, wiping out nearly $900 million from its market capitalization in a matter of hours as internal disputes spill into public view. On April 10, Covenant AI, the development team behind one of the network’s largest subnets, announced that it is abandoning the Bittensor ecosystem. The exit of the de…