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29th Annual Milken Institute Global Conference Special: Day Two | Bloomberg Businessweek, Sonic AI
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29th Annual Milken Institute Global Conference Special: Day Two | Bloomberg Businessweek
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May 5, 2026
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49:45
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29th Annual Milken Institute Global Conference Special: Day Two | Bloomberg Businessweek
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Bloomberg Businessweek
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Executive Summary
Former Treasury Secretary Steven Mnuchin identifies Iran obtaining a nuclear weapon as the top geopolitical risk, while also highlighting the U.S.
as the premier destination for global investment, driven by the AI boom.
The surge in AI is creating an impending power shortage for data centers, fueling a renaissance in nuclear energy with companies like TerraPower and GE Vernova building new small modular reactors (SMRs) expected by 2030.
Experts warn of an imminent physical shortage of oil and oil products, with market prices for physical barrels significantly higher than paper prices, suggesting a reality check is coming for the global economy.
The digital payments landscape is rapidly evolving, with Zelle processing over $1.2 trillion annually and seeing its fastest growth from small businesses, while competitors like PayPal undergo major strategic turnarounds.
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