Mike Krieger, Anthropic’s chief product officer, resigned from the board of interface design firm Figma on April 14.
His departure was disclosed to the U.S. Securities and Change Fee by the publicly traded $10 billion firm the identical day that The Data reported Anthropic’s subsequent mannequin, Opus 4.7, will embrace design instruments that might compete with Figma’s main providing.
Figma is the developer of a preferred software for person expertise designers who construct interfaces for web sites and apps. The corporate has collaborated carefully with Anthropic to combine the frontier lab’s AI fashions into its merchandise as assistants for its customers.
Krieger, who beforehand co-founded Instagram and the AI-powered information app Artifact, grew to become the highest product govt at Anthropic in 2024 and joined the board of Figma lower than a yr in the past.
Krieger’s departure and any forthcoming design instruments will likely be one other knowledge level for traders who worry the SaaSpocalypse — that the biggest AI labs will come to dominate software program companies, a thesis that has rocked public markets at instances this yr. For instance, iShares’s main software program ETF, IGV, is down practically 18% this yr.
Anthropic, in the meantime, is popping down traders who need to purchase into the corporate at $800 billion — greater than double the valuation from its most up-to-date spherical originally of the yr.
However corporations like Anthropic and OpenAI nonetheless must show their ultra-capable fashions can actually replicate the area expertise and relationships of established software program manufacturers. Figma’s inventory value is up 5% since Krieger’s departure was disclosed, although we’ll see what occurs with the subsequent Opus launch.
Techcrunch occasion
San Francisco, CA
|
October 13-15, 2026
