Iconiq, go-to wealth adviser for tech’s elite, is putting billions into AI

Last year, Anthropic PBC chief Dario Amodei and a handful of executives traveled 8,000 miles from San Francisco to the Middle East. They were there to meet with some of the world’s most deep-pocketed investors, including Qatar’s sovereign wealth fund and Abu Dhabi-based MGX.

Photos of Amodei and wealth fund officials including Ibrahim Ajami, head of ventures at Mubadala Capital, were widely circulated online. Missing from the headlines was the trip’s organizer: Iconiq, a financial firm that has managed the personal fortunes of senior figures in Middle Eastern and Asian governments for more than a decade, as well as those of tech leaders like Mark Zuckerberg and Satya Nadella.