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Spain Honours ADIA Lab Board Member Professor Marcos López de Prado with Order of Merit

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  • His Majesty King Felipe VI and the Government of Spain have bestowed upon Professor Marcos López de Prado the Officer’s Cross of the Royal Order of Civil Merit
  • The award recognizes Professor López de Prado’s distinguished services to science and the global investment industry over an international career spanning 25 years and three continents
  • Knights and Dames of the Order include heads of state, royalty, diplomats, scientists, artists, as well as government, business, political, religious and military leaders

ABU DHABI, UAE, Nov. 22, 2024 /PRNewswire/ — ADIA Lab Board member Professor Marcos López de Prado has received the Officer’s Cross and diploma of the Royal Order of Civil Merit, one of Spain’s highest honours, from His Majesty King Felipe VI and the Government of Spain. The award was presented at the investiture ceremony held in Abu Dhabi on 21 November 2024 by H.E. Íñigo de Palacio España, Ambassador of Spain to the United Arab Emirates. The honour recognises Professor López de Prado’s “distinguished services to science and the global investment industry”.

His Majesty the King of Spain is the Grand Master of the Order, and Spain’s Minister of Foreign Affairs, European Union and Cooperation is its Grand Chancellor. Knights and Dames of the Order are appointed for their outstanding service to society and include heads of state, royalty, diplomats, scientists, artists, as well as government, business, political, religious and military leaders.

In his remarks at the investiture ceremony, Ambassador de Palacio highlighted Professor López de Prado’s extraordinary contributions, including his pivotal role in founding ADIA Lab and establishing its collaboration agreement with the Kingdom of Spain, which has fostered a robust scientific exchange between Spain and the UAE. The Ambassador also commended Professor López de Prado for elevating and enriching Spain’s image abroad.

Professor López de Prado has been a driving force in the modernisation of finance over the past 25 years, pioneering artificial intelligence (AI) algorithms that are now widely adopted at some of the world’s largest investment firms—an achievement recognised with multiple international awards. He is Global Head – Quantitative Research and Development at the Abu Dhabi Investment Authority (ADIA), a Research Fellow at Lawrence Berkeley National Laboratory (U.S. Office of Science), and Professor of Practice at Cornell University’s School of Engineering, where he teaches machine learning.

Ambassador de Palacio remarked:

“Ranked among the top 10 most-read authors in economics globally by the Social Science Research Network (SSRN), and having advised the U.S. Congress on AI policy, Marcos’ work spans science, industry and public service. The Royal Order of Civil Merit acknowledges not only his scientific and professional accomplishments, but also the lasting social impact of his work, which has strengthened international cooperation and deepened ties between nations.”

Professor López de Prado expressed the personal significance of this honour:

“As both a professor and a fund manager, I have worked for the past 25 years to advance our field, developing AI algorithms that make investing more evidence-based, systematic, and reliable. I hope this accolade draws further attention to the financial applications of AI and supercomputing, which benefit society by enabling better decision-making and public policy design. I am grateful to ADIA for the opportunity to apply my scientific work towards achieving its long-term investment objectives.”

“I extend my heartfelt thanks to H.E. Íñigo de Palacio España for his exemplary role as Ambassador, and his strong advocacy for ADIA Lab. I would not have earned this highly coveted distinction without the unwavering support of my family, friends, and countless colleagues, many of whom are here with me today. This knighthood is also for them, and I will wear its insignia in their name with pride, and with profound gratitude towards His Majesty King Felipe VI.”

Among the attendees at the ceremony were several renowned scientists: Prof. Steven Chu, Nobel Laureate in Physics (1997) and former U.S. Secretary of Energy (2009-2013); Prof. Dan Shechtman, Nobel Laureate in Chemistry (2011); Prof. Shafi Goldwasser, recipient of the Turing Award (2012) and the Gödel Prize (1993, 2001); Prof. Guido Imbens, Nobel Laureate in Economics (2021); Prof. Jack Dongarra, Turing Award (2021); Prof. Miguel Hernán, Rousseeuw Prize for Statistics (2022); Prof. Horst Simon, Gordon Bell Prize (1998, 2009). Institutional representatives included: H.E. Carme Artigas, Co-Chair of the United Nations AI Advisory Body; H.E. Sultan Al Mansoori, former Minister of Economy of the UAE; H.E. Félix Barrio Juárez, Managing Director of Spain’s National Cybersecurity Institute; H.E. Prof. Enrique Herrera Viedma, Vice-President for Research of the University of Granada; H.E. Antoine Delcourt, Ambassador of the Kingdom of Belgium to the UAE; and H.E. Robert Lauer, Ambassador of the Grand Duchy of Luxembourg to the UAE.

About Marcos López de Prado

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Dr. Marcos López de Prado is Global Head – Quantitative Research and Development at the Abu Dhabi Investment Authority (ADIA), a founding Board member of ADIA Lab, a Research Fellow at Lawrence Berkeley National Laboratory (U.S. Office of Science), and Professor of Practice at Cornell University’s School of Engineering, where he teaches machine learning. He has published approximately 100 scientific articles on AI and statistical inference in the leading academic journals, is a founding co-editor of The Journal of Financial Data Science, and the author of influential graduate textbooks used by universities worldwide. He is the inventor of 15 patents, several of which have been purchased and licensed by some of the largest institutional investors worldwide to manage multibillion-dollar funds. In recognition of his work, Professor López de Prado has received various scientific and industry awards, including the National Award for Academic Excellence (1999) by the Kingdom of Spain, the Quant Researcher of the Year Award (2019) by Portfolio Management Research, the Buy-Side Quant of the Year Award (2021) by Risk.net, and the Bernstein Fabozzi / Jacobs Levy Award (2024) by The Journal of Portfolio Management. For more information, visit https://QuantResearch.org/

About ADIA Lab

ADIA Lab is an independent institution engaged in basic and applied research in Data Science, AI, Machine Learning, and High-Performance Computing, across all major fields of study. This includes exploring applications in areas such as climate change and energy transition, blockchain technology, financial inclusion and investing, decision making, automation, cybersecurity, health sciences, education, telecommunications, and space. Based in Abu Dhabi, ADIA Lab is an independent, standalone entity supported by the Abu Dhabi Investment Authority, a globally-diversified investment institution that invests funds on behalf of the Government of Abu Dhabi.

ADIA Lab has its own governance and operational structure, and is guided by an Advisory Board of global thought-leaders in data and computationally intensive disciplines, to pursue its research independently. For more information, visit https://www.adialab.ae/

About the Royal Order of Civil Merit

The Royal Order of Civil Merit is a state honour established in 1926 by King Alfonso XIII of Spain to recognise extraordinary services of Spanish and foreign citizens for the good of the Nation. Knights and Dames of the Order include heads of state, royalty, diplomats, scientists, artists, as well as government, business, political, religious and military leaders.

His Majesty the King of Spain is the Grand Master of the Royal Order of Civil Merit, hence all awards of this Order are bestowed in his name. Spain’s Minister for Foreign Affairs, European Union and Cooperation is the Grand Chancellor of the Order. The Ministry’s Directorate-General for Protocol receives the proposals, evaluates all candidates, and produces the mandatory reports justifying the exceptional merits of each awardee. For more information, visit https://www.exteriores.gob.es/es/Ministerio/Protocolo/Paginas/Condecoraciones.aspx

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OIVE and ViniPortugal celebrate closing of joint campaign that reached 100 million consumers

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MADRID and PORTO, Portugal, Nov. 22, 2024 /PRNewswire/ — For three years, A Shared Passion showed European consumers the quality and unparalleled versatility of Iberian wines. The program reached over 100 million consumers with advertising in airports, train stations, press trips, digital content, and other actions with opinion leaders.

The wine interprofessionals of Spain (OIVE) and Portugal (ViniPortugal) celebrated the closing of their ambitious joint campaign A Shared Passion with flagship events in Madrid and Porto. The closing event in Spain took place in Madrid’s iconic Calle Alcalá, while in Portugal, the World of Wine (WOW) in Porto was the perfect setting to present the achievements of the international collaboration. Both ceremonies were very well received by the press and the wine sector, highlighting the impact of the promotional actions that reached more than 79.2 million travelers in key transport infrastructures. 

The campaign included 22 study trips, taking 150 specialized journalists to explore the world of wine in both countries and generating publications that reached nearly 15 million European consumers.

On social media, the A Shared Passion profile on Instagram exceeded 15,000 followers, consolidating its presence in the digital sphere. In addition, exclusive activities such as workshops and VIP dinners contributed significantly to this initiative’s global impact. 

The final events were honored by the presence of opinion leaders, such as Masters of Wine Pedro Ballesteros and Dirceu Vianna Júnior, who moderated round tables with the presidents of OIVE, Fernando Ezquerro, and ViniPortugal, Frederico Falcão. The conference concluded with masterclasses that highlighted Spain and Portugal’s extraordinary oenological diversity, reinforcing the relevance of the sector in the economic, social, and environmental sustainability of both countries. 

With funding from the European Union, A Shared Passion highlighted not only the quality and authenticity of Iberian wines but also their strategic role in the sustainable development of numerous municipalities. This initiative underlines the passion with which Spanish and Portuguese wines are made, reflecting their rich traditions and commitment to the future.

For more information: www.asharedpassion.com

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Alkira Ranked 25th Fastest-Growing Company in North America and 6th in the Bay Area on the 2024 Deloitte Technology Fast 500™

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Alkira attributes its 7,194% revenue growth to consistent innovation, enabling enterprises to overcome mounting network complexity in the cloud and AI era

SAN JOSE, Calif., Nov. 22, 2024 /PRNewswire/ — Alkira® Inc., the leader in Network Infrastructure as a Service, today announced that it ranked as the 6th fastest-growing technology company in the Bay Area and the 25th fastest-growing company in North America on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. Now in its 30th year, the list recognized Alkira for achieving a growth rate of 7,194% during this period.

“Being recognized as one of North America’s fastest-growing companies by Deloitte is a tremendous honor. This achievement reflects Alkira’s unwavering commitment to equipping frontline networking teams with solutions that dramatically simplify enterprise networking amidst escalating complexity,” said Amir Khan, CEO at Alkira. “Today’s enterprises are racing to support cloud, AI and machine learning workloads, but their existing networks weren’t built for this dynamic environment. Alkira’s network infrastructure as-a-service platform enables organizations to connect any cloud, on-premise location, and remote user with a unified, secure, and highly scalable network fabric that reduces deployment times from months to minutes.”

“For 30 years we’ve been celebrating companies that are actively driving innovation. The software industry continues to be a beacon of growth, and the fintech industry made a strong showing on this year’s list, surpassing life sciences for the first time,” said Steve Fineberg, vice chair, U.S. technology sector leader, Deloitte. “Significantly, we also saw a breakthrough in performance of private companies, with the highest number of private companies named to the list in our program’s history. This year’s winners have shown they have the vision and expertise to continue to perform at a high level, and that deserves to be celebrated.”

“Innovation, transformation and disruption of the status quo are at the forefront for this year’s Technology Fast 500 list, and there’s no better way to celebrate 30 years of program history,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s Audit & Assurance practice. “This year’s winning companies have demonstrated a continuous commitment to growth and remarkable consistency in driving forward progress. We extend our congratulations to all of this year’s winners — it’s an incredible time for innovation.”

Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from 201% to 186,373% over the three-year time frame, with an average growth rate of 2,097% and median growth rate of 458%.

Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Alkira
Alkira is the leader in Network Infrastructure on Demand. We unify any environments, sites, and users via an enterprise network built entirely in the cloud. The network is managed using the same controls, policies, and security systems network administrators know, is available as a service, and can instantly scale as needed. There is no new hardware to deploy, software to download, or architecture to learn. Alkira’s solution is trusted by Fortune 100 enterprises, leading system integrators, and global managed service providers. Learn more at alkira.com and follow us @alkiranet.

About Deloitte 
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com.

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Media Contact: 
Jelena Dopudj, Sr. Communications Manager, Alkira Marketing
[email protected]

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

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EliTe Solar: Realizing Our Mission and Standing by Our Core Values

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Written by Arndt Lutz, CEO of EliTe Solar

SINGAPORE, Nov. 22, 2024 /PRNewswire/ — EliTe Solar is dedicated to advancing technology with a strong focus on quality, sustainability, and meaningful partnerships. For nearly two decades, EliTe Solar has led the solar industry by adapting to changing market demands and setting standards in customer service and quality as evidenced by third party reviews. The company’s comprehensive strategy starts with ingots and wafers to cells and modules, supported by a global supply chain. This vertical integration underscores EliTe Solar’s commitment to excellence.

EliTe Solar’s core principles of honesty and transparency drives the company’s growth and actions. By upholding these values, EliTe Solar consistently goes above and beyond for their clients. Open communication is central to their work, fostering trust and loyalty. EliTe Solar ensures their clients are informed every step of the way—from production to customs clearance, and final delivery.

EliTe Solar offers a diverse range of products tailored to different needs. The company’s goal is to optimize module performance and achieve a low Levelized Cost of Electricity (LCOE), delivering lasting value for customers while minimizing costs and environmental impact. This approach supports their partners’ energy goals and contributes to a broader sustainability mission.

EliTe Solar’s supply chain is meticulously designed to meet high standards and market demands. The company sources all materials outside China to ensure traceability from raw material to final product. With ingot and wafer production in Vietnam, cell and module production in Indonesia, and manufacturing in Egypt and soon, the U.S., EliTe Solar maintains compliance and uphold supply chain integrity.

EliTe Solar’s project management expertise sets them apart, especially in challenging environments. Currently, the company is transporting one million solar panels to a remote site in Utah with EV trucking from Hight Mobility, working closely with their client and partners to ensure timely delivery and smooth communication. This demonstrates EliTe Solar’s dedication to reliability and strong partnerships.

EliTe Solar prioritizes inland and ocean transportation management, timely customs clearance, and comprehensive post-sales support to deliver reliability and customer satisfaction.

The company’s commitment to sustainability extends beyond eco-friendly energy options. EliTe Solar actively engages with communities to foster positive social impact. For example, the company recently awarded $50K in scholarships with Utah universities to support future solar industry professionals. This investment in education strengthens the sector’s future and contributes to global sustainability.

In the coming months, EliTe Solar is preparing to expand in Egypt and establish solar cell production in the U.S., creating jobs and reinforcing a dependable supply chain. With a track record of reliable service and top-tier solar technology, the company is proud to have supplied over 10 GW of solar modules worldwide, playing a vital role in the shift to sustainable energy. As EliTe Solar continues to grow, the company’s principles of quality, transparency, and sustainability will guide every member, positioning EliTe Solar as a leader in the global solar industry.

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