General Tensor acquires Bittensor DeFi hub Backprop Finance

General Tensor, an infrastructure developer for the decentralized AI network Bittensor (TAO), has acquired Backprop Finance, a DeFi hub built on TAO, Business Insider reported. Backprop Finance is one of the largest decentralized exchanges in the TAO ecosystem. Through this acquisition, General Tensor will now account for approximately 33% of the total trading volume on the TAO network.