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.
Marcus Engsig at DERC has developed DomiRank, a new centrality metric to quantify the dominance of nodes within networks. DomiRank integrates local and global topological information to determine the importance of each node for network stability. The research demonstrates that nodes with high DomiRank values indicate vulnerable areas heavily dependent on dominant nodes. Why it matters: This metric can help identify critical infrastructure components and vulnerabilities in complex systems, enhancing resilience against targeted attacks.
Marcus Engsig from DERC will present a paper at the MATLAB User Group Meeting in Abu Dhabi on October 6. The paper, titled ‘Generalization of Higher Order Methods For Fast Iterative Matrix Inversion Compatible With GPU Acceleration’, discusses a novel approach to matrix inversion using GPUs. The method, named Nested Neumann, achieves 4-100x acceleration compared to standard MATLAB methods for large matrices. Why it matters: This research contributes to faster computation in numerical and physical modeling, crucial for processing large datasets in various scientific and engineering applications in the region.
Qirong Ho, co-founder and CTO of Petuum Inc., will be contributing to the "ML Systems for Many" initiative. Petuum is recognized for creating standardized building blocks for AI assembly. Ho also holds a Ph.D. from Carnegie Mellon University and is part of the CASL open-source consortium. Why it matters: Showcases the ongoing efforts to democratize AI development and deployment, making it more accessible and sustainable, although the specific initiative is not further detailed.
MBZUAI President Eric Xing has been elected a fellow of the American Statistical Association (ASA) for 2022. The ASA recognized Xing for pioneering machine learning research in areas like structured inference and probabilistic graphical models, as well as his entrepreneurship and leadership in AI education. He was previously a professor at CMU and the founder of Petuum Inc. Why it matters: This recognition highlights the growing prominence of MBZUAI and its leadership in the international AI research community.
KAUST highlights postdoctoral fellows Yi Jin Liew, Isabelle Schulz, Maren Ziegler and Neus Garcias Bonet outside the University Library. The article mentions King Abdullah bin Abdulaziz Al Saud (1924 – 2015). It encourages applications to KAUST's Discovery Postdoctoral program. Why it matters: This brief announcement signals KAUST's ongoing investment in attracting international research talent to Saudi Arabia.
Mani Sarathy, an associate professor of chemical engineering, has been appointed Associate Director of the Clean Combustion Research Center (CCRC) at KAUST. Sarathy is part of the University’s Physical Science and Engineering Division. The announcement did not detail specific research directions. Why it matters: This signals KAUST's continued investment in and focus on clean combustion research.
Researchers from the Directed Energy Research Center (DERC) will present research papers at the 17th Workshop of the International Lithosphere Program Task Force on Sedimentary Basins in Abu Dhabi. Dr. Meixia Geng's study identifies potential geothermal exploration sites in the UAE based on Curie isotherm depths. Dr. Felix Vega's research demonstrates drone-borne synthetic aperture radar (SAR) for subsurface mapping of underground cavities. Why it matters: These studies showcase the UAE's commitment to sustainable development through geothermal energy exploration and advanced subsurface imaging techniques.