International Security: Innovation, Investment, and Partnerships | Global Conference 2026

Milken Institute
Milken InstituteMay 20, 2026

Why It Matters

The discussion underscores a strategic inflection point for U.S. defense procurement and alliance policy: embracing drone and AI technologies could deliver far greater combat effectiveness and fiscal efficiency than legacy systems, while shaping deterrence against rivals like Russia and China. Rapid adoption—or continued resistance—will materially affect military readiness, defense budgets and geopolitical balance.

Summary

Senator Chris Coons, Rep. Adam Smith and technologist Eric Schmidt argued at the Global Conference 2026 that the war in Ukraine demonstrates a rapid, technology-driven shift in modern conflict toward drones, robotics and AI-enabled networks. They praised Ukrainian innovation in air, sea and ground drones and urged the U.S. to pivot away from investing in aging, high-cost platforms toward scalable, cost‑effective robotized systems and industrial partnerships. Panelists warned that failing to adopt these approaches risks undermining deterrence in Europe and the Indo‑Pacific while squandering scarce fiscal resources. They called for accelerated public‑private cooperation to field proven commercial technologies and bolster allied defenses.

Original Description

Watch all 2026 Global Conference session replays: https://milkeninstitute.org/events/global-conference-2026/program
The international security landscape is being reshaped not just by geopolitical shifts, but by an unprecedented convergence of military modernization, industrial capacity, and private capital. This session brings together frontline experts to examine how security capabilities are being redefined in an era where deterrence depends as much on technological advancements—AI, autonomy, space, cyber—as on budget toplines. Join us to explore how public and private actors are building resilient production ecosystems that advance technological innovation while also fostering alliance-building amid an ever-changing world order.
David Trulio
President and CEO, Ronald Reagan Presidential Foundation and Institute
Christopher Coons
US Senator, Delaware
Eric Schmidt
KBE, Former CEO and Chairman, Google
Adam Smith
US Representative, Washington; Ranking Member, House Armed Services Committee

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