The UK Pavilion's cone shape is made of several slats that will project a 'collective message'. Photo: Alin Constantin
The UK Pavilion's cone shape is made of several slats that will project a 'collective message'. Photo: Alin Constantin
The UK Pavilion's cone shape is made of several slats that will project a 'collective message'. Photo: Alin Constantin
The UK Pavilion's cone shape is made of several slats that will project a 'collective message'. Photo: Alin Constantin

How Stephen Hawking inspired the UK Pavilion’s poetic presentation at Expo 2020


Alexandra Chaves
  • English
  • Arabic

As Expo 2020 Dubai begins, the UK Pavilion will beam a message to the world, starting with one word – dignity.

Envisioned by artist and designer Es Devlin, the 21-metre-high structure acts as a poem pavilion. Its cone shape is made of several slats where, on each end, algorithmically generated words will appear throughout the event, creating a “collective message” for all.

Follow the latest updates on Expo 2020 Dubai here.

The first word, dignity, was entered into the AI algorithm by Reem Al Hashimy, Minister of State for International Co-operation and director general of Expo 2020 Dubai. The technology will then use the word as a starting point to generate couplets that will be projected on to the pavilion for visitors to read.

Al Hashimy said she hoped the “AI-powered creative journey” would serve as a “unifying force” during Expo 2020 and after the event.

The pavilion serves as an experimental look at the possibilities of AI. Photo: Alin Constantin
The pavilion serves as an experimental look at the possibilities of AI. Photo: Alin Constantin

With its fusion of poetry and technology, the presentation follows the UK Pavilion’s theme, "Innovating for a Shared Future." It is also an experimental look at the possibilities of AI, of whether or not it can compose and wield verse to express human emotion.

The concept of a universal message was inspired by Stephen Hawking, the theoretical physicist whose final projects included the pursuit of a “breakthrough message” from the world that could be sent to space in an effort to find or communicate with extraterrestrial intelligence. Hawking launched the Breakthrough Initiatives, funded by Russian tycoon Yuri Milner and his wife Julia, in 2015.

A rendering of the UK Pavilion at the Expo 2020 Dubai site. Photo: Department for International Trade
A rendering of the UK Pavilion at the Expo 2020 Dubai site. Photo: Department for International Trade

That year, a joint letter from the Breakthrough programme stated: “There has never been a better moment for a large-scale international effort to find life in the Universe. As a civilisation, we owe it to ourselves to commit time, resources and passion to this quest.”

In a interview with Dezeen in 2018, when the concept of the UK Pavilion was first launched, Devlin said: “Poetry brings order to language, and machine-learning is a way to weave our voices together without prejudice while following the rhythms of centuries of poetic thought in a range of diverse cultures.”

She also talked about how the project could help to address divisive rhetoric in parts of the world. “The public debate around national identity is currently tending perilously towards the divisive and prosaic. I hope that the many millions who attend Expo 2020 and visit the UK Pavilion will feel a sense of the possibilities of the collective poetic,” she said.

Throughout the event, which runs until March, the UK Pavilion will also stage talks with various thinkers, offer British food and drink, and stage artist performances and interactive experiences for families.

More information is at expo2020dubai.com

See more of Es Devlin's previous projects in the gallery below:

  • British set designer Es Devlin with her installation ‘Mirror Maze’ (2016), which was filled with the scent of an exclusive Chanel fragrance. Photos: Es Devlin
    British set designer Es Devlin with her installation ‘Mirror Maze’ (2016), which was filled with the scent of an exclusive Chanel fragrance. Photos: Es Devlin
  • Devlin's floating stage on Lake Constance, a design for Georges Bizet’s 'Carmen' at Bregenz festival in Austria. Actors performed on the deck of cards below and videos were projected on to the cards cascading mid-air
    Devlin's floating stage on Lake Constance, a design for Georges Bizet’s 'Carmen' at Bregenz festival in Austria. Actors performed on the deck of cards below and videos were projected on to the cards cascading mid-air
  • The Weeknd performs at Coachella on one of Devlin's sets. Featuring a large-scale mask, the work explored the use of portraiture and alter egos in performance
    The Weeknd performs at Coachella on one of Devlin's sets. Featuring a large-scale mask, the work explored the use of portraiture and alter egos in performance
  • For the 2017 play 'Ugly Lies the Bone', performed at London's National Theatre, Devlin created a basin-shaped map on to which video clips were projected
    For the 2017 play 'Ugly Lies the Bone', performed at London's National Theatre, Devlin created a basin-shaped map on to which video clips were projected
  • A partial map of Manhattan created on an elliptical hemisphere. Devlin’s work was created with architect Bjarke Ingels to promote The XI residential development in Chelsea, New York
    A partial map of Manhattan created on an elliptical hemisphere. Devlin’s work was created with architect Bjarke Ingels to promote The XI residential development in Chelsea, New York
  • Adele performing at New York’s Radio City Music Hall in 2015. Devlin worked with the singer again in 2016 for her world tour, which began in Belfast
    Adele performing at New York’s Radio City Music Hall in 2015. Devlin worked with the singer again in 2016 for her world tour, which began in Belfast
  • Devlin’s set design for a Louis Vuitton fashion show for its cruise collection. The show was held at the Museum of Contemporary Art in Rio de Janeiro, Brazil, in May 2016
    Devlin’s set design for a Louis Vuitton fashion show for its cruise collection. The show was held at the Museum of Contemporary Art in Rio de Janeiro, Brazil, in May 2016
  • The set for U2’s Innocence + Experience Tour, featuring a walkway surrounded by video screens that gave the illusion of performers on stage walking through the images
    The set for U2’s Innocence + Experience Tour, featuring a walkway surrounded by video screens that gave the illusion of performers on stage walking through the images
  • A rendering of Devlin's UK Pavilion for Expo 2020 Dubai
    A rendering of Devlin's UK Pavilion for Expo 2020 Dubai
  • At Kanye West’s Watch the Throne Tour with Jay-Z, the two musicians performed on giant video cubes designed by Devlin
    At Kanye West’s Watch the Throne Tour with Jay-Z, the two musicians performed on giant video cubes designed by Devlin
  • Devlin's immersive installation 'Room 2022', installed at the Miami Beach Edition hotel, aimed to capture the experience of waking up in a strange hotel room
    Devlin's immersive installation 'Room 2022', installed at the Miami Beach Edition hotel, aimed to capture the experience of waking up in a strange hotel room
  • Devlin's set design for British rapper Stormzy at the Brit Awards 2018
    Devlin's set design for British rapper Stormzy at the Brit Awards 2018
  • For the closing ceremony of the 2012 Olympics Games in London, Devlin covered the stadium floor with the reproduction of a Damien Hirst spin painting. Getty
    For the closing ceremony of the 2012 Olympics Games in London, Devlin covered the stadium floor with the reproduction of a Damien Hirst spin painting. Getty
  • The artist with her work temporary 'Mirror Maze' installation
    The artist with her work temporary 'Mirror Maze' installation
  • Devlin’s stage design for ‘The Rise & Fall of the City of Mahagonny’, written by Bertolt Brecht and Kurt Weill. Depicting a dystopian city, Devlin used shipping containers and video projections to design the stage
    Devlin’s stage design for ‘The Rise & Fall of the City of Mahagonny’, written by Bertolt Brecht and Kurt Weill. Depicting a dystopian city, Devlin used shipping containers and video projections to design the stage
  • Devlin’s stage design for ‘Don Giovanni’ at the Royal Opera House in 2014
    Devlin’s stage design for ‘Don Giovanni’ at the Royal Opera House in 2014
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Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: October 03, 2021, 10:38 AM