Mike Krieger, Anthropic’s chief product officer, stepped down from Figma’s board on April 14. This was revealed to the U.S. Securities and Exchange Commission by Figma, which is valued at $10 billion, coinciding with a report that Anthropic’s upcoming model, Opus 4.7, might introduce design tools competing with Figma. Figma, known for its user experience design tools, has integrated Anthropic’s AI models as user assistants. Krieger, co-founder of Instagram and the AI news app Artifact, became Anthropic’s top product executive in 2024 and joined Figma’s board less than a year ago. His exit and potential new design tools add to investor apprehensions about AI labs dominating the software sector, evidenced by the declining performance of iShares’s software ETF, IGV. Anthropic is currently rejecting $800 billion investment offers, twice its valuation from earlier this year. Despite the advances of companies like Anthropic and OpenAI, there’s skepticism about their models fully matching the domain expertise of established software brands. Figma’s stock rose 5% since Krieger’s resignation, pending the impact of the Opus release.
Anthropic CPO Exits Figma Board Amid Plans to Launch Rival Product
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