Tencent’s AI launch has Bittensor up 3% — now the subnet fee spotlight is on TAO

Bittensor gained 3% following the launch of Tencent’s AI offering, bringing renewed attention to the role of subnet fees in the decentralized AI network and the prospects for TAO.

The move came as the broader AI market faced increased scrutiny following earnings releases from major technology companies. Amazon’s stock fell nearly 8% in a short period, wiping more than $200 billion from its value.

Although Amazon shares have since recovered most of those losses, rising more than 11% so far in November, the sell-off highlighted the scale of costs associated with expanding AI operations.