Io.net CEO departs 2 days before token launch

Ahmad Shadid, one of the founders of io.net, left “effective immediately” but said it wasn’t related to allegations regarding his past.

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Solana-based decentralized infrastructure provider io.net, which lets users rent out GPU power for money, replaced its CEO two days before the project’s token launch.

Ahmad Shadid, one of the founders of io.net, left “effective immediately” and was replaced by fellow founder and former chief operating officer Tory Green.

The Solana-based AI project aggregates GPU supply to create a network fors machine learning startups to tap into computing power at a fraction of the cost compared to the traditional cloud.

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