Tech
The anonymous social app that thinks it can work in Saudi Arabia
When Fizz quietly debuted in Saudi Arabia in the middle of March, founder and CEO Teddy Solomon wasn’t expecting the app to catch on like it did. Within 48 hours, the app hit No. 1 overall on the App Store charts, and users in the country have since sent more than 1 million messages. For an anonymous social app that started on college campuses, it was a surprising debut.
Solomon and his co-founder, Ashton Cofer, started Fizz in 2022 while they were students at Stanford, before dropping out. After raising $40 million and launching on 700 campuses, the app has been pushing beyond its college roots with Fizz Feed, a feature that opens the platform to non-students through location-based communities. Think of it as similar to Reddit, but without the ability to create or join topic-specific communities. Saudi Arabia — where Fizz currently holds the No. 1 spot in the news category — is its first overseas test of that ambition.
“We’ve always known that our big goal is to be a generational social product, rather than a college social app, and now we’re finally executing on it,” Solomon said.
Fizz has not previously spoken about its international expansion.
Solomon said that when he attended a conference in Dubai, he saw the potential for Fizz’s expansion into the Middle East. Soon after, Fizz marketing analyst Michael Fonseca moved to Saudi Arabia to make connections in the area and better understand the culture, which paved the way for Fizz’s international launch.
“Mike was really welcomed with open arms,” Solomon said. “I think [Saudi Arabia] changed quite a bit in recent years.” The country is “jumping right now,” said Solomon. “Business is booming. The social scene and social landscape is booming. Snapchat’s huge there. And social apps are just massive in the region, whether it’s Snap, or WhatsApp, or TikTok — whatever other app it might be.”
This shift in the country’s image is intentional. In 2016, Crown Prince Mohammed bin Salman launched a government plan called Saudi Vision 2030, which aims to decrease the country’s financial dependence on oil. This strategy involves modernizing the country’s image — women can now legally drive, for instance — and investing in Western technology companies, like Google and Uber. More recently, the crown prince launched a state-funded AI company called Humain.
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Despite these changes, Saudi Arabia remains an absolute monarchy, ruled by a royal family that suppresses free speech. In 2024, the Saudi government sentenced Manahel al-Otaibi to 11 years in prison for the “terrorist offense” of tweeting about women’s rights and posting photos on Snapchat in which she was not wearing a traditional abaya, according to Amnesty International.
Operating in Saudi Arabia, Fizz has to be aware that the monarchy could monitor its app for posts it deems offensive, demand that certain content be taken down, or even arrest someone based on their Fizz posts. Solomon doesn’t have a clear plan for how Fizz would handle such situations.
“The answer is, [we will] cross that bridge when we get there,” he said. “We have a lot of confidence in our guidelines. We are moderating very strictly and in a way that is satisfying people in the region and making sure that we’re abiding by the rules of the region and rules of the country.”
Solomon said that Fizz has invested heavily in Arabic natural language processing tools to support its content-moderation efforts. The company has also onboarded “hundreds” of volunteer moderators from the Saudi Arabian Fizz community. Fizz uses a similar strategy in its college communities — it uses AI content moderation tools, but it also seeks out volunteer moderators who have a better understanding of the nuances of campus culture, giving them more context when making moderation decisions.
Fizz says it has not received investment from any Saudi Arabian entities and has not communicated with any members of the government.
“There’s a lot of care for their community,” Solomon said. “There’s a lot of pride in their country, a lot of pride in the city that they live in, and they like the platform. They want to keep the platform safe, and they take a lot of honor in doing so.”
Tech
Revolut eyes valuation of up to $200B in eventual IPO
British neobank Revolut seems to be eyeing a major valuation bump when it eventually goes public. The company is targeting a market cap between $150 billion and $200 billion in an initial public offering, the Financial Times reported on Tuesday, citing anonymous investor sources.
The fintech giant, which secured a full banking license in the United Kingdom in March after years of waiting, was most recently valued at $75 billion, up from $45 billion in 2024, in a secondary share sale that made it one of Europe’s most valuable private tech companies.
Revolut’s co-founder and CEO, Nik Storonsky, last week said that the company’s IPO was at least “two years away,” according to Bloomberg.
According to PitchBook and the Financial Times, the company is working on another secondary share sale, scheduled for the second half of 2026, that would value it at more than $100 billion.
As of November 2025, the company had raised a total of $5.89 billion, according to PitchBook. Revolut reported revenue of $6 billion in the financial year ended December 31, 2025, up from $4 billion in 2024. The company’s net profit grew to $1.7 billion, up from $1 billion in 2024, and counted 68.3 million retail customers at the end of 2025.
Revolut declined to comment.
Founded in 2015, Revolut offers a range of services spanning multi-currency accounts, payment and transfer services, crypto products, insurance, and more. The neobank has been pouring truckloads of cash into expanding its operations internationally, and recently applied for a banking license in the United States.
Besides the U.K., Revolut has a banking license in the European Union, and it operates in Australia, Japan, New Zealand, Singapore, Brazil, and the U.S. Revolut launched operations in India last October, is about to start operating in Colombia this year, and has received a banking license in Mexico.
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Tech
Amazon taps Sweden’s Einride for its electric big rigs
Einride is adding 75 of its electric heavy duty trucks to Amazon’s Relay freight network as part of a deal that gives the Swedish startup a toehold in the e-commerce giant’s operations. Einride will also provide charging infrastructure across five locations in the United States, under the agreement announced Tuesday.
Amazon isn’t buying or operating the electric trucks. Instead, Einride will own and manage (using its own Saga AI software) the trucks, which can be used by drivers in Amazon’s Relay freight network. Relay, launched in 2017, is an app that truck drivers can use to book hauling gigs with Amazon.
Einride CEO Roozbeh Charli, who took over as chief nearly a year ago, said working with Amazon is a powerful validation of the startup’s technology and strategic vision.
“By deploying our intelligent platform within one of the world’s most sophisticated logistics networks, we are accelerating growth, while continuing to build industry-leading operational expertise,” he said in a statement.
Einride has gained attention and investment for its two-pronged approach to freight. The company has developed and now operates a fleet of about 200 heavy-duty electric trucks for companies like Heineken, PepsiCo, and Carlsberg Sweden in Europe, North America, and the UAE. It has also developed autonomous pod-like trucks, which stand out for their cab-less design.
The agreement with Amazon doesn’t include the autonomous pods.
Einride has landed this agreement at a critical time: The startup is finalizing a merger with blank-check company Legato Merger Corp. and is expected to go public soon.
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While the agreement might not carry the same weight for Amazon, which has a market cap of $2.7 trillion, it does contribute to its low-carbon goals. Amazon has said it wants to reach net-zero carbon emissions across its operations by 2040.
“This rollout is an important step forward in addressing one of the toughest challenges we face in decarbonizing our transportation network — electrifying heavy-duty trucking,” an Amazon spokesperson said in an emailed statement. “We’re excited to continue to collaborate with Einride and learn from these operations as the trucks hit the road.”
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Tech
YouTube expands its AI likeness detection technology to celebrities
YouTube is expanding its new “likeness detection” technology, which identifies AI-generated content, such as deepfakes, to people within the entertainment industry, the company announced on Tuesday.
The technology works similarly to YouTube’s existing Content ID system, which detects copyright-protected material in users’ uploaded videos, allowing rights owners to request removal or share in the video’s revenue.
Likeness detection does the same, but for simulated faces. The feature is meant to help protect creators and other public figures from having their identities used without their permission — a common problem for celebrities who find their likenesses have been used in scam advertisements.
The technology was first made available to a subset of YouTube creators in a pilot program last year before expanding more broadly to include politicians, government officials, and journalists this spring.
Now YouTube says the technology is being made available to those in the entertainment industry, including talent agencies, management companies, and the celebrities they represent. The company has support from major agencies like CAA, UTA, WME, and Untitled Management, which offered feedback on the new tool.
Use of the likeness detection tool does not require entertainers to have their own YouTube channels.
Instead, the feature scans for AI-generated content to detect visual matches of an enrolled participant’s face. Users can then choose to request removal of the video for privacy policy violations, submit a copyright removal request, or do nothing. YouTube notes that it won’t remove all content, as it permits parody and satire content under its rules.
In the future, the technology will support audio as well, the company says.
Related to this, YouTube has also been advocating for similar protections at a federal level, with its support for the NO FAKES Act in Washington, D.C. This would regulate the use of AI to create unauthorized re-creations of an individual’s voice and visual likeness.
The company hasn’t yet said how many removals of AI deepfakes have been managed by the tool so far, but noted in March that the amount of removals was still “very small.”
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