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BREAKING: The departure of Covenant AI, the team behind the Covenant 72B model, triggered a sharp correction in TAO and once again called into question Bittensor's promise of decentralization.
Allegations of unilateral control by the network's founder damaged both the tech narrative and market confidence.
TAO fell more than 15% after the announcement of Covenant AI's departure from Bittensor.
Sam Dare accused Jacob Steeves of exercising effective control over the network's governance and operations.