AI BriefingAnthropic CPO Steps Down from Figma Board Amid Competing Product Report
Key point
Anthropic CPO Mike Krieger resigned from the Figma board immediately after a report about a competing product.
Details
Anthropic's CPO Mike Krieger stepped down from the Figma board on April 14. On the same day, The Information reported that Anthropic's next model, Opus 4.7, would include design tools that could compete with Figma's core features.
Figma is a tool for designers to create web and app interfaces, and it has been integrating Anthropic's AI models into its own products as a supporting feature. Krieger became Anthropic's Chief Product Officer in 2024 and joined Figma's board less than a year later.
The resignation has reignited SaaSpocalypse concerns that major AI labs could erode existing software businesses. According to the article, the iShares Software ETF (IGV) has fallen about 18% this year, and Anthropic has been turning down investment proposals valuing it at $800 billion.
However, it remains unproven whether Anthropic and OpenAI can actually replace the domain expertise and relationships of established software brands. Figma's stock rose 5% right after the news broke, but the next Opus release is expected to be the key factor in the market's judgment.
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