Anthropic CPO exits Figma board, plans competing product

Mike Krieger, Anthropic's Chief Product Officer, has resigned from Figma's board following reports that Anthropic plans to integrate design tools into its upcoming Opus 4.7 model. This move could directly challenge Figma's core business, raising concerns among investors about major AI labs potentially dominating software sectors. Figma, which has previously collaborated with Anthropic to embed AI assistants, saw its stock rise slightly after the disclosure. This development highlights the evolving competitive landscape as AI companies aim to expand beyond foundational models into specialized software applications, a trend that has impacted the broader SaaS market.