Home / Business and Economy / Anthropic Exec Quits Figma Amid AI Design Tool Race
Anthropic Exec Quits Figma Amid AI Design Tool Race
17 Apr
Summary
- Mike Krieger resigned from Figma's board on April 14.
- Anthropic's upcoming model may include design tools.
- Investors worry AI labs will dominate software businesses.
Mike Krieger, Anthropic's chief product officer, resigned from the board of interface design company Figma on April 14. This departure was disclosed to the SEC by the $10 billion company.
His resignation coincides with reports that Anthropic's next model, Opus 4.7, will feature design tools potentially competing with Figma's core product. Figma, known for its user experience design tools, has previously collaborated with Anthropic.
Krieger, who also co-founded Instagram and Artifact, joined Anthropic in 2024 and Figma's board less than a year ago. His departure adds to investor anxieties about AI companies dominating software businesses, a concern that has impacted market performance.
Anthropic is reportedly declining investment offers valuing it at $800 billion, more than double its early-year valuation. However, companies like Anthropic and OpenAI must still demonstrate their AI models can match established software brands' expertise and relationships.
Figma's stock price saw a 5% increase following the disclosure of Krieger's departure. The market will closely watch the release of the new Opus model for further insights.
