KAUST, VentureSouq, startAD, and Tamkeen have partnered to launch the first Conscious Investor Fellowship in the GCC. The six-week virtual program aims to enable regional investors to create sustainable change through high-impact investments. The fellowship will host 25 investors from family offices, corporations, and government entities. Why it matters: The program aims to empower mission-driven investors in the region and accelerate investment in technology-driven startups addressing societal, economic, and environmental challenges.
This article discusses conscious investing and its potential in the Middle East, particularly in light of unprecedented market conditions. It argues that investments should align with values and aim for positive global impact, moving beyond solely maximizing shareholder value. Conscious investing can be as profitable as traditional investing while addressing social and environmental challenges. Why it matters: The piece advocates for integrating ethical considerations into investment strategies within the region, which could lead to more sustainable and socially responsible economic development.
This paper introduces DaringFed, a novel dynamic Bayesian persuasion pricing mechanism for online federated learning (OFL) that addresses the challenge of two-sided incomplete information (TII) regarding resources. It formulates the interaction between the server and clients as a dynamic signaling and pricing allocation problem within a Bayesian persuasion game, demonstrating the existence of a unique Bayesian persuasion Nash equilibrium. Evaluations on real and synthetic datasets demonstrate that DaringFed optimizes accuracy and convergence speed and improves the server's utility.
Ray Dalio stated that the Middle East is becoming a 'Silicon Valley of capitalists' due to its large concentration of capital and focus on new technologies. He made these remarks at the Qatar Economic Forum. Dalio highlighted the region's unique position as a hub for innovation and investment. Why it matters: This endorsement from a prominent investor signals growing confidence in the Middle East's potential as a global technology and finance hub.
Doug Greenig, Group CEO and CIO of Florin Court Capital based in London and Abu Dhabi, discussed macro trends in 2024 and beyond. Florin Court's Programme has delivered strong returns since 2017, capturing macro themes through alternative markets. Prior to founding Florin Court, Doug held leadership roles at Man/AHL, Fortress Investment Group, and Goldman Sachs. Why it matters: The presence of a leading systematic asset manager like Florin Court in Abu Dhabi signals the growing importance of the UAE as a hub for sophisticated financial firms leveraging AI and quantitative strategies.
Abu Dhabi's Technology Innovation Institute (TII) is offering training compute power to scientists, researchers, and SME entrepreneurs with innovative use cases for Falcon 40B, its open-source LLM. TII is welcoming submissions globally across industries like biotech, engineering, finance, and healthcare. A dedicated AI Cross-Center Unit (AICCU) of over 40 AI scientists will assess proposals based on research objectives, methodology, and potential impact. Why it matters: This initiative can foster innovation in AI applications across various sectors by providing access to cutting-edge LLMs and substantial compute resources.
MBZUAI's Class of 2023 valedictorian, Klea Ziu, credits her meditation practice for balancing her studies in machine learning. Ziu, the first Albanian graduate from MBZUAI, was among 59 graduates receiving master's degrees in computer vision, machine learning, and NLP. She will represent MBZUAI at COP28 as part of the Climate Ambassador Program, focusing her AI research on reducing carbon dioxide production in the oil and gas industry. Why it matters: This highlights MBZUAI's focus on attracting international talent and applying AI research to sustainability challenges relevant to the UAE and the broader region.
MBZUAI's Qirong Ho and colleagues are developing an Artificial Intelligence Operating System (AIOS) for decarbonization, aiming to reduce energy waste in AI development. The AIOS focuses on improving communication efficiency between machines during AI model training, as inefficient communication leads to prolonged tasks and increased energy consumption. This system addresses the high computing power demands of large language models like ChatGPT and LLaMA-2. Why it matters: By optimizing energy usage in AI development, the AIOS could significantly reduce the carbon footprint of AI technologies in the region and globally.