CHARLOTTE – Queen City area based investment firm Red Ventures is cutting jobs at internet and tech news site CNET in the wake of the site’s acknowledgement that it published stories produced by artificial intelligence, according to news site The Verge.

Changes have been made in CNET leadership and some 10 percent of its workforce have been laid off, The Verge.

Red Ventures bought CNET – one of the top legacy internet reporting sites – in 2020. It is based in San Francisco.

The Verge notes the layoffs come “after news broke that tech site CNET was quietly using artificial intelligence to produce articles.”

“To prepare ourselves for a strong future, we will need to focus on how we simplify our operations and our tech stack, and also on how we invest our time and energy,” said Carlos Angrisano, president of financial services and the CNET Group at Red Ventures, in an email cited by The Verge.

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