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PRIORITY Summit in Miami Highlights Saudi Arabia’s Key Role in Geopolitics, Finance, Technology, and Sports; Southeast Asia, India, U.S., and Saudi Arabia Eyed as Top Investment Destinations by Global Investors in 2025

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BENGALURU, India and MIAMI, Fla., March 4, 2025 /PRNewswire/ — The PRIORITY Summit, hosted by the Future Investment Initiative (FII) Institute in Miami, underscored Saudi Arabia’s growing influence across geopolitics, finance, technology, and sports. The event attracted top leaders from politics, finance, and technology, reinforcing its status as one of the premier global investment conferences.

A major highlight was President Donald Trump’s participation, where he expressed optimism that 2025 would see an end to ongoing global conflicts. He thanked Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud for hosting the U.S.-Russia talks on the Ukraine crisis in Riyadh. The President also invited global investors to continue investing in the U.S.

The summit also served as a call to global investors to participate in multiple opportunities in Saudi Arabia, such as infrastructure, AI, sports, and healthcare, while highlighting opportunities that Saudi investors are keen to pursue internationally. An office to facilitate inbound and outbound investments was announced by the Saudi Minister of Investment, H.E. Khalid bin Abdulaziz Al-Falih, in the presence of Saudi Ambassador to U.S, Princess Reema bint Bandar Al Saud, Abdulrahman Bakir (Managing Director, MISA Americas) and Miami Mayor Francis Suarez.

Public Investment Fund: A Global Powerhouse and a Sovereign Fund with a Difference

H.E. Yassir Al-Rumayyan, Governor of Saudi Arabia’s Public Investment Fund (PIF) and Chairman of FII Institute, highlighted the multiplier effect of the fund’s nearly $1 trillion in assets.

“AI will elevate us, as humans. It will help create jobs as we move from first an agriculture-based economy, then an industrial-based economy. But its true impact depends on how wisely we invest in its development and deployment,” he stated in a conversation with former Google CEO Eric Schmidt. He added that PIF has created 1.1 million direct and indirect jobs domestically and globally, making it a sovereign fund with a difference.

Global Investment Trends: The Four Destinations to Watch in 2025

A high-powered investment panel led by Robert Smith of Vista Equity Partners emphasized that global macro investors cannot ignore the rapidly changing geopolitical climate, trade realignment, and technological advances.

Lisa McGeough, CEO of U.S. Operations at HSBC, highlighted Southeast Asia, India, the U.S., and Saudi Arabia as the four top regions that global investors are most excited about in 2025. She pointed out that:

Southeast Asia stands to benefit from China +1 trade policies.India, with 6.5% GDP growth, “Make in India,” and Digital India initiatives, remains an attractive investment destination.The U.S. continues to attract capital with pro-business policies and a thriving innovation economy.Saudi Arabia continues to be a top priority due to Vision 2030, business-friendly policies, and its role in energy security.

AI, Energy, and Infrastructure: The Next Big Investment Frontiers

As the world transitions into an AI-driven economy, energy emerges as a central pillar of the AI revolution.

During a panel discussion led by Sir Martin Sorrell, industry leaders acknowledged a major constraint in AI development: compute infrastructure shortages. Sarah Friar, CFO of OpenAI, stated that GPU constraints are slowing the release of AI features. Rajit Nanda, CEO of data center company DataVolt, emphasized that the true realization of AI’s potential hinges on energy and data center expansion.

The Saudi Minister of Communications and IT, H.E. Abdullah Alswaha, outlined the country’s rapid digital transformation under Vision 2030, which has led to a $132 billion digital economy, placing Saudi Arabia among the top ten digital economies globally. The Minister also stated that with AI acceleration driving unprecedented energy demand, the global AI industry is projected to require between 60-100 gigawatts.

Professor Kashyap Kompella, CFA, who attended the summit, also noted that “Energy is now a core element of the AI stack”. The first wave of AI Large Language Models showed AI’s big potential, and the next wave of adoption, powered by reasoning models, will intensify energy demands.

According to Professor Kompella, “Nations with energy reserves are well positioned for AI.”

Saudi Arabia’s Renewable Energy Vision: “Shine, Baby, Shine”

The head of PIF, H.E. Al-Rumayyan, noted that Saudi Arabia also has abundant solar and wind energy resources, and their strategy is to have 50% of the energy mix come from renewable sources by 2032.

“The current U.S. mantra is ‘drill, baby, drill.’ At the Paris AI Summit, French President Emmanuel Macron touted ‘plug, baby, plug,’ using nuclear energy to power AI. With this renewable push, the Saudi maxim can be ‘Shine, baby, shine’,” noted Professor Kompella.

FII Institute: A Premier “Action Tank”

Since its establishment in 2017, FII Institute has differentiated itself as a major global forum for investments and impact. Under the leadership of Richard Attias, FII Institute has facilitated $200 billion in investments and has firmly established itself as one of the world’s top platforms for purposeful action and constructive dialogue.

During the summit, the FII Institute announced that Attias will serve as the Chairman of the Executive Committee and appointed Penny Richards as its new CEO to take this legacy of leadership forward.

About RPA2AI Research

RPA2AI Research is an AI industry analyst firm with a presence in India and the U.S. AI Profs is its new advisory arm focused on AI investments, governance, and skilling.

Founder Kashyap Kompella, CFA is the author of two bestsellers, including AI for Lawyers, and his third book, AI Governance and Regulation, is forthcoming in June 2025.

About FII Institute

The Future Investment Initiative (FII) Institute is a global non-profit foundation with an investment arm and a single agenda: Impact on Humanity. Global, inclusive, and data-driven, the Institute brings together the world’s brightest minds to transform ideas into real-world solutions across four critical pillars: Artificial Intelligence & Robotics, Education, Healthcare, and Sustainability.

 

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Bill Faust Named Consulting Magazine Top Consultant of the Year in Industry Specialization

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Impact Advisors Leader Recognized for Expertise in Healthcare IT Implementation

CHICAGO, April 22, 2026 /PRNewswire-PRWeb/ — Impact Advisors, a leading healthcare management consulting firm, is proud to announce that Bill Faust, Managing Director, has been named a Top Consultant of the Year by Consulting Magazine in the category of Industry Specialization. This prestigious award honors consultants who demonstrate deep domain expertise and deliver exceptional value to clients within their field.

“Bill’s recognition as a Top Consultant of the Year is a testament to his deep industry expertise and unwavering commitment to client success.” -Andy Smith, managing partner and co-founder of Impact Advisors

Faust brings more than 28 years of healthcare IT experience, with a distinguished track record leading large-scale, complex implementations for both ambulatory and acute care organizations. Over the past 25 years, he has held progressive leadership roles supporting major Epic and Oracle initiatives, helping healthcare systems successfully navigate digital transformation and achieve measurable outcomes.

In his role at Impact Advisors, Faust leads the firm’s EHR Implementation & Support practice, where he is responsible for driving strategy, delivery excellence, and client success across some of the most complex healthcare IT programs in the country. His ability to combine deep technical knowledge with strong executive communication has enabled him to build trusted relationships with clients and vendor partners alike.

“Bill’s recognition as a Top Consultant of the Year is a testament to his deep industry expertise and unwavering commitment to client success,” said Andy Smith, managing partner and co-founder of Impact Advisors. “He consistently delivers high-impact results for our clients while helping advance the healthcare industry through his thoughtful, strategic leadership. Bill joined our team as our ninth colleague, and we’re fortunate to have had his guidance for all these years.”

Consulting Magazine’s Top Consultants awards recognize outstanding professionals who have made significant contributions to the consulting profession and their clients. The Industry Specialization category specifically highlights consultants who have demonstrated exceptional depth of knowledge and impact within a defined sector.

Faust’s recognition underscores Impact Advisors’ continued leadership in healthcare consulting and its commitment to delivering innovative, high-quality solutions that improve patient care and operational performance.

About Impact Advisors

Impact Advisors is a leading healthcare management consulting firm offering a comprehensive suite of technology-enabled performance improvement solutions that deliver measurable and sustainable value for clients. Our commitment to excellence has earned Best in KLAS® recognition for 19 consecutive years, and our distinctive culture has been named a “Best Place to Work” by Modern Healthcare for 16 years. Learn more at www.impact-advisors.com.

Media Contact

Catherine Povalitis, Impact Advisors, 1 815-282-9976, cpovalitis@chartwellagency.com, https://www.impact-advisors.com/

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SOURCE Impact Advisors

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Hewlett Foundation President: Philanthropy Must Bridge AI Governance Gap Between Washington and Silicon Valley

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Amber D. Miller makes the case for philanthropy and civil society to protect critical infrastructure and deliver broad benefits.

SAN FRANCISCO, April 22, 2026 /PRNewswire/ — As conversations between Washington and Silicon Valley about AI policy grow more contentious, Hewlett Foundation President Amber D. Miller calls on philanthropy to step up. In a new op-ed published by RealClearPolicy, Miller argues that governments and industry can’t close America’s AI governance gap alone, but independent institutions and philanthropy can help bridge the divide.

Drawing on her background as a physicist, Miller advocates for a practical, non-ideological approach to AI governance focused on protecting critical infrastructure, preventing strategic technological surprise, and keeping people safe while fostering innovation.

“Much of America’s critical infrastructure is highly distributed and deeply vulnerable, and its protection is dangerously under-resourced. The Hewlett Foundation wants to maximize the public benefits of emerging technologies while proactively mitigating their risks.”

To address these challenges, the Hewlett Foundation recently announced $10 million in exploratory grants to support the security of emerging technologies, including AI, biotechnology, and quantum computing.

Major grants were awarded to Stanford University’s Hoover Institution for its Tech Futures Lab, which focuses on anticipating technological surprises and enhancing U.S. resilience and Vanderbilt University’s Institute for National Security for its Wicked Problems Lab, which is building defenses against synthetic information warfare like deepfakes.

Former Secretary of State Condoleezza Rice, the director of the Hoover Institution, highlighted the importance of integrating security into innovation: “Innovation is key to national security…. Innovators will have more valuable, more marketable products if they build security into it at the front end.”

Other grantees include, the AI Now Institute, Aspen Institute, Atlantic Council, Carnegie Endowment for International Peace, Council on Foreign Relations, Georgetown University, Global Network Initiative, Institute for Security and Technology, Observer Research Foundation America, RAND, and Sentinel Bio.

Miller calls on others to join Hewlett, writing, “America has led every major technological era of the modern age, helping usher in significant discoveries that have benefited communities both here and around the world. Whether it continues to lead will depend not only on breakthroughs in labs, but on whether innovation earns public trust and delivers broad benefits. Philanthropy, with its long-term focus and commitment to charitable good, can do much to help.”

For more, read the op-ed and grant announcement: https://hewlett.org/americas-ai-governance-gap-needs-independent-oversight/ 

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SOURCE The Hewlett Foundation

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Hyperscale Data Sees Rising Demand Across Defense Portfolio Amid Heightened Global Activity

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LAS VEGAS, April 22, 2026 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (“AI”) data center company anchored by Bitcoin (“Hyperscale Data” or the “Company”), today announced that its wholly-owned subsidiary Gresham Worldwide, Inc., which is expected to be merged with another wholly owned subsidiary of the Company called Ballista Group, Inc., and the related party TurnOnGreen, Inc. (the “Defense Systems Group”), are actively supporting the expected increase in global defense production through its integrated portfolio of high-performance defense engineering and manufacturing subsidiaries.

The Defense Systems Group operates as an integrated engineering and manufacturing platform serving defense, aerospace, and industrial markets, delivering mission-critical electronics, radio frequency (“RF”) systems, power platforms, and advanced control technologies across the full lifecycle, from design through long-term sustainment. 

Recent global events, including but not limited to the ongoing conflicts in the Middle East and Ukraine, have contributed to increased demand signals across defense and mission-critical infrastructure supply chains. Management of the Defense Systems Group has observed a measurable uptick in inbound inquiries, program discussions and order flow across the group’s core product lines, particularly in:

RF and microwave systems supporting radar and electronic warfare;Power systems and ruggedized electronics for defense and mobility platforms; andTest, validation, and simulation technologies for mission-critical environments.

“These are environments where failure is not an option,” said Milton “Todd” Ault III, Executive Chairman of Hyperscale Data. He added that “The Defense Systems Group was assembled to deliver precision-engineered solutions for exactly these mission-critical applications, and we are seeing that demand accelerate in real time.” Further, Mr. Ault stated that “The group’s combination of deep engineering expertise, advanced manufacturing capabilities, and a global operational footprint provides a strong foundation to support long-term growth across defense, aerospace, and other mission-critical technology sectors.

The Defense Systems Group platform supports highly regulated and security-sensitive programs, operating under certifications including ISO, AS9100, and ITAR compliance, and serves customers across defense, aerospace, and critical infrastructure sectors globally. 

“As geopolitical conditions evolve, supply chains for advanced electronics and defense-related technologies are becoming increasingly constrained,” stated William Horne, Chief Executive Officer of Hyperscale Data. “The Defense Systems Group collectively provides a vertically integrated platform supporting advanced defense electronics, power systems, RF and microwave components, and precision-engineered subsystems, positioning the organization to support current and emerging demand across multiple strategic defense programs.”

While the Company continues to monitor global developments, management of the Defense Systems Group believes that sustained demand for mission-critical electronics, ruggedized power systems, and secure infrastructure technologies could present potential opportunities across the Defense Systems Group.

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data currently expects the divestiture of ACG (the “Divestiture”) to occur in the second quarter of 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

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SOURCE Hyperscale Data Inc.

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