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Pitch Deck: Hiverge Raises $5 Million to Optimize Algorithms With AI

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A startup founded by former Google DeepMind scientists to improve code with AI has raised $5 million.

Hiverge, based in Cambridge, UK, has developed an AI technology to automate algorithm design for companies, with the aim of surpassing what human engineers can do alone.

The startup was founded by Alhussein Fawzi and Bernardino Romera-Paredes, who worked on Google’s coding agent, AlphaEvolve, during its early stages, along with Hamza Fawzi, a University of Cambridge professor.

“What really differentiates companies is the algorithms they use under the hood,” Alhussein Fawzi, the CEO of Hiverge, told Business Insider. “And so what we are doing at Hiverge is designing smart algorithms that go beyond existing algorithms — automatically.”

Engineers can submit a request to improve code on the startup’s platform, “The Hive,” which it refers to as an “algorithm factory.” It uses a technique called program synthesis, in which AI generates an algorithm to meet clearly specified functions, rather than being told how to create it.

Alhussein Fawzi gave the example of instructing the technology to shorten AI model training times by refining existing algorithms, but it could also apply to other areas, like improving runtime for supply chain software.

Unlike vibe coding, in which anyone can prompt AI to create software, Alhussein Fawzi says Hiverge is focused on helping engineers improve backend code with AI instead of a user creating front-end applications. Or, as the CEO put it, Hiverge is working with verifiable pieces of code that are “not just based on vibes.”

Hiverge has been active since late 2024 but has only just emerged from stealth. It is still experimenting with its business model through proof of concepts, Alhussein Fawzi said, adding that it would most likely license its platform to customers.

Alhussein Fawzi left Google DeepMind in August 2024 after six and a half years, during which he worked on projects like AlphaEvolve, the company’s Gemini-powered agent that’s largely used internally to improve hardware algorithms.

Flying Fish Ventures led Hiverge’s seed funding round, which also attracted investment from Ahren Innovation Capital and Google’s chief scientist, Jeff Dean, among others.

Alhussein Fazwi told Business Insider that the funding process was “quick” and lasted “two to three months” from the first investor meeting to deal close. The startup said it plans to use the fresh funding to accelerate its go-to-market, support product development, and expand its research capabilities.

Here’s an exclusive look at the pitch deck that Hiverge used to raise its $5 million seed round.





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How Walmart’s Chief People Officer Uses AI Like ChatGPT and Perplexity

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AI is often associated with certain aspects of hiring, like reviewing résumés. But Walmart’s chief people officer, Donna Morris, has used it for another part of the process: identifying potential candidates.

Morris often interviews leaders looking to join Walmart or transition within the company, such as tech and HR executives. She said she has used AI tools like Perplexity and ChatGPT to ask very specific queries about who might have the right background for a particular role when she’s “kicking off” a key search.

“You’ll be surprised at how close the actual sources that they come up with align with people who we’ve actually considered,” Morris said.

How Walmart uses AI in hiring

A Walmart spokesperson told Business Insider that Morris’s example isn’t part of a broader companywide approach to source candidates, or a practice that Morris uses in all of her searches. Morris, who oversees the largest private workforce in the US, found it useful in an instance where she had a specific leadership role to fill.

The executive said AI tools are a great way to find insights on people in general. While she’s a “big LinkedIn fan,” she said there’s an “ease and speed” to using tools like ChatGPT and Perplexity.

The executive’s comments come as Walmart has made large investments in AI, including in tools to help its associates improve. In June, the company announced an AI Interview Coach pilot. The tool simulates a Walmart interview by asking candidates up to 10 questions and providing them with scores along with feedback on areas like clarity and structure, the company said.

Earlier this month, the retail giant also announced plans to launch a tailored version of OpenAI’s Certification Program through Walmart Academy. OpenAI recently said it would start to offer certifications for varying levels of “AI fluency,” with plans to certify 10 million Americans by 2030.

AI in daily life

Morris also uses AI in her everyday life, she told Business Insider. She said it’s a great source for finding recommendations for restaurants or places to go. She’s also used it for design inspiration. She said she was recently at a restaurant with an art piece on the wall that she liked, so she used AI to figure out where to find a similar picture.

She also said she was recently FaceTiming her father, who had some spots on his skin. By doing a quick search with AI, she was able to find out that it was actually bruising due to a recent medication change. While she could have used WebMD or another website, she said AI provides the ability to get data quickly.

Morris said she started her career when people still had to go to a library to conduct research.

“Now, the access to information is phenomenal,” Morris said. “I think it’s a real advantage for our current generation and generations ahead in terms of your ability to get knowledge and insights.”





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South Africa to launch AI-powered electronic travel authorisation system

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The system will be officially unveiled by Minister of Home Affairs, Leon Schreiber at the Tourism Business Council of South Africa’s annual conference.

According to the government, the platform will initially process tourist visa applications for short stays of up to 90 days.

By the end of September, the system will go live at Johannesburg’s OR Tambo International Airport and Cape Town International Airport, before gradually expanding to other ports of entry and additional visa categories.

Minister Schreiber has described the initiative as a critical step toward eliminating inefficiencies and fraud: “Over time, the ETA will be expanded to more visa categories and rolled out at more ports of entry. This scale-up will continue until no person can enter South Africa without obtaining a digital visa through the ETA.”

The ETA builds on promises made by President Cyril Ramaphosa during his February State of the Nation Address, where he pledged to digitize immigration processes.

However, questions remain about the future of South Africa’s existing e-Visa portal, which currently serves over 30 countries.

Authorities have yet to confirm whether the ETA will replace or operate alongside the e-Visa system, raising concerns over possible duplication for travelers.

While the ETA aims to strengthen security and streamline border processes, experts say South Africa’s move also highlights a broader challenge: African countries remain less open to each other than to the rest of the world.

Intra-African visa restrictions have long been cited as a barrier to deeper trade and tourism links.

Greater openness, facilitated by modern systems like ETA, could help African nations unlock the full potential of the African Continental Free Trade Area (AfCFTA).

Easier cross-border movement would not only boost tourism but also support small businesses, regional logistics, and labor mobility, which are all essential for building competitive economies on the continent.

South Africa’s ETA may be a milestone for its tourism and border security, but its broader significance lies in setting a regional precedent.

As African countries digitize entry systems, the real opportunity lies in aligning these policies to make cross-border travel smoother for African citizens.

If deployed strategically, ETA systems could help turn Africa’s longstanding vision of free movement, and by extension stronger intra-African trade, into a practical reality.



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Workday to buy AI company Sana for $1.1bn

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The acquisition will enable the organisation to extend its AI capabilities.

US-based Enterprise software company Workday has announced plans to acquire AI platform Sana, in a deal valued at $1.1bn. By acquiring Sana, Workday aims to leverage the company’s AI knowledge and further itself amid a landscape that is focused on AI innovation. 

“Sana’s team, AI-native approach and beautiful design perfectly align with our vision to reimagine the future of work,” said Gerrit Kazmaier, the president for product and technology at Workday. 

He added, “This will make Workday the new front door for work, delivering a proactive, personalised, and intelligent experience that unlocks unmatched AI capabilities for the workplace.”

Under the terms of the definitive agreement, Workday will acquire all of the outstanding shares of Sana for approximately $1.1 bn. The deal is expected to close in the fourth quarter of the fiscal year in 2026. 

The acquisition comes amid a time in which organisations across the globe are racing to implement AI technologies to address and even assume the challenges that arise in the workplace.

For example, in the past few months alone French technology services company Capgemini acquired US-based WNS to extend its AI reach. Aryza, a Dublin-based SaaS provider acquired conversational artificial intelligence provider Webio for an undisclosed sum and OpenAI said it was buying Io, an AI start-up founded by former Apple design chief Jony Ive and several former Apple engineers.

Several governments too have unveiled broad spectrum plans to incorporate artificial intelligence into their national strategies, with a focus on business growth and improving the lives of citizens.  

But significant concerns have been raised about AI’s potential to replace humans in the workforce, as agentic AI tech is further developed and topics of ‘onboarding AI’ become more mainstream. 

Forrester vp and principal analyst Craig Le Clair recently discussed the issue of ‘AI employees’, explaining that AI-led layoffs are not far off and that he would expect job descriptions for an AI agent to be a reality by 2027. 

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