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.
KAUST Ph.D. student Chiheb Ben Hammouda won the best poster award at the Society for Industrial and Applied Mathematics Conference on Financial Mathematics & Engineering (FM19) for his work on option pricing under the rough Bergomi model. The winning poster, titled "Hierarchical adaptive sparse grids and quasi-Monte Carlo for option pricing under the rough Bergomi model," details research carried out under the supervision of KAUST Professor Raul Tempone. The research group designed new efficient numerical methods for pricing derivatives under the rough Bergomi model by combining smoothing techniques. Why it matters: This award highlights KAUST's growing expertise in financial mathematics and its contribution to solving complex problems in the field using advanced numerical methods.
KAUST's Stochastic Numerics Research Group is developing methods for pricing European options. Their approach, detailed in an upcoming Journal of Computational Finance article, focuses on systematically tuning parameters to achieve accuracy while minimizing computational effort. The goal is to enable automated computation of fair prices for options contracts, similar to how insurance companies determine premiums. Why it matters: This research advances computational finance in the region, potentially improving risk management and investment strategies.
AMRC researchers Jide Oyebanji and Tarcisio Silvia will present papers at the MATLAB User Group Meeting in Abu Dhabi. Oyebanji's paper focuses on the 'Design of an Interactive TPMS Designing Desktop App' using MATLAB's numerical capabilities. Silvia's presentation discusses the optimization of MIMO active vibration controllers for electromechanical systems using MATLAB Simulink and Particle Swarm Optimization. Why it matters: The presentations showcase the application of computational tools like MATLAB in advanced materials research and digital engineering within the UAE.
Dr. Mohamed Ferrag, a Lead Researcher at AIDRC, received the "Algeria Scopus Award" from Algeria's Ministry of Education and Higher Research for his contributions to computer science. Dr. Ferrag is an IEEE Senior Member and has authored many scientific papers and books. He was also ranked among the World's Top 2% Scientists from Stanford University in 2020-2022. Why it matters: This award recognizes and encourages scientific research and talent within the Algerian AI and computer science community.
Researchers introduce a new task for generating question-passage pairs to aid in developing regulatory question-answering (QA) systems. The ObliQA dataset, comprising 27,869 questions from Abu Dhabi Global Markets (ADGM) financial regulations, is presented. A baseline Regulatory Information Retrieval and Answer Generation (RIRAG) system is designed and evaluated using the RePASs metric.
The Spring 2014 VentureLab showcase at KAUST featured six finalist teams presenting their startup ideas to a panel of judges. The teams had completed an eight-week entrepreneurship bootcamp, interviewing 522 people and undergoing 1,500 hours of training. Trochet, a startup focused on alternatives to plastic bags, won the Most Promising Startup Award. Why it matters: This event highlights KAUST's efforts to foster entrepreneurship and innovation, providing a platform for researchers and students to develop and pitch their ideas.
Professor Arnab Pain's group at KAUST discovered new insights on how a malaria protein enables parasites to spread malaria in human cells. Professor Haavard Rue's group upgraded the Integrated and Nested Laplace Approximation (INLA) for faster real-time modeling of large datasets. A KAUST-led study examined the stability of Y-series nonfullerene acceptors for organic solar cells. Why it matters: KAUST continues producing impactful research across diverse fields from medicine to climate change, advancing scientific knowledge and potential applications.