Bittensor's Distributed AI Breakthrough Sends TAO Price Soaring

TAO's price nearly doubled in March to approximately $317, propelling its market cap to over $3 billion. This surge is closely tied to a significant technical milestone within the Bittensor ecosystem.

The development team behind Subnet 3 released Covenant-72B, a 72-billion-parameter language model trained across more than 70 globally distributed nodes without centralized coordination. The model scored 67.1 on the MMLU benchmark, placing it in a competitive range with Meta's Llama 2 70B.

This achievement addressed a long-held criticism of distributed AI training: its inability to produce models that could compete with those built on centralized systems.

The success of Covenant-72B has had far-reaching consequences. The top subnet token, τemplar (SN3), rose over 400% in the past month and reached a market cap of approximately $130 million.