Anthropic CPO Mike Krieger resigns from Figma board amid reports of competing AI design tools

On April 14, 2026, Mike Krieger, the chief product officer at Anthropic, resigned from the board of Figma, a company specializing in interface design. His departure was reported to the U.S. Securities and Exchange Commission on the same day The Information revealed that Anthropic's forthcoming Opus 4.7 model would feature design tools that might rival Figma’s primary services. Having co-founded Instagram and the AI-driven news application Artifact, Krieger joined Anthropic in 2024 and served on Figma's board for under a year. Figma, valued at $10 billion, has worked closely with Anthropic to incorporate its AI models to assist user experience designers. Concerns about a potential "SaaSpocalypse" have caused market fluctuations, including an 18% decline in the iShares software ETF IGV this year. Nevertheless, Figma's stock increased by 5% after Krieger's exit. Anthropic is currently rejecting investment offers at an $800 billion valuation, more than twice its early-2026 worth, as it seeks to prove its models can match the expertise and connections of established firms like Figma.