Amazon reveals plans to spend $200bn in one year day after Bezos guts Washington Post

Tech giant reports $213bn in revenue after its founder, who owns the Post, lays off a third of newspaper's employees

Amazon announced plans to spend $200bn on artificial intelligence and robotics this year, the latest tech giant to vow fresh enormous investments in the artificial intelligence arms race.

The news of the investment comes one day after the Washington Post, owned by Amazon founder Jeff Bezos, announced it was cutting approximately a third of employees.