Keep pulling the thread on Divesh Makan.
ICONIQ Capital is Amazon's largest data center landlord.
ICONIQ Capital has delivered approximately 5 gigawatts of data center capacity across more than 50 cities globally.
Divesh Makan estimates that ICONIQ Capital has delivered approximately a quarter of the world's operational data center capacity.
In February, major technology companies revised their 2026 compute spending forecasts upwards by $100 billion, from a previous estimate of $550 billion to a new estimate of $650 billion.
Divesh Makan predicts that the next major global conflict will be a cyber war, an AI war, and a war of technology.
Divesh Makan notes that leaders like Sam Altman and Dario Amodei have compared the potential power and risk of AI to that of a nuclear weapon.
ICONIQ Capital's founding thesis was that a small group of approximately 250 influential people control the destiny of the world at any given time.
ICONIQ Capital's early investment thesis viewed technology as a horizontal layer that would impact all industries, rather than as a distinct vertical.
ICONIQ Capital is a major financial backer of the AI company Anthropic.
ICONIQ Capital's entry into AI investment stemmed from its large-scale investments in data centers and enterprise software.
ICONIQ Capital's data center tenant base includes Meta, Microsoft, Oracle, and Google.
An early signal for the AI boom observed by ICONIQ Capital was its data center tenants remodeling their facilities and making inquiries about GPUs.