Anthropic CPO Quits Figma Board Amid Rivalry Fears

Anthropic CPO Mike Krieger resigned from Figma's board on April 14, the same day reports emerged that Anthropic's next model, Opus 4.7, will include design tools competing directly with Figma's core product. Krieger, who co-founded Instagram and joined Anthropic in 2024, had been on Figma's board for less than a year. The move fuels investor fears of a SaaSpocalypse, where major AI labs displace established software companies. Despite the conflict, Figma's stock rose 5% following the disclosure, while Anthropic is reportedly turning away investors at an $800 billion valuation.