Anthropic CPO leaves Figma’s board after reports he will offer a competing product

image via TechCrunch

April 16, 2026, 6:28 PM

• •Mike Krieger resigned from Figma's board.
• •Anthropic is developing design tools that may compete with Figma.
• •Investors are concerned about AI's impact on software businesses (SaaSpocalypse).
• •Figma's stock price increased after the announcement.

Mike Krieger, Anthropic's chief product officer, resigned from Figma's board on April 14, the same day reports indicated Anthropic's new AI model, Opus 4.7, would feature design tools. This departure raises concerns about potential competition between Anthropic's offerings and Figma's user interface design software. Investors are wary of the 'SaaSpocalypse,' where AI labs could dominate software businesses, impacting public markets. Despite the uncertainty, Figma's stock price saw a slight increase following Krieger's resignation.

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