Anthropic CPO Mike Krieger exits Figma board as Opus 4.7 reportedly adds design tools

Mike Krieger, Anthropic's chief product officer, resigned from the board of interface design company Figma on April 14, 2026. The $10 billion publicly traded company disclosed the departure to the U.S. Securities and Exchange Commission the same day the Information reported that Anthropic's next model, Opus 4.7, will include design tools competing with Figma's primary offering.

Krieger, who co-founded Instagram and the AI-powered news app Artifact, became Anthropic's top product executive in 2024 and joined Figma's board less than a year ago. Figma develops a widely used tool for user experience designers building interfaces for websites and apps, and has collaborated with Anthropic to integrate its AI models into its products.

Market implications

The conflict marks another test case for the "SAASpocalypse" thesis—the concern among investors that large AI labs will dominate existing software businesses. iShares's primary software ETF (IGV) is down 18% in 2026, reflecting these fears.

Anthropically, meanwhile, is reportedly turning down investors at an $800 billion valuation—more than double its valuation from earlier in 2026. However, companies like Anthropic and OpenAI still must prove their models can replicate the domain expertise and customer relationships of established software brands.

No immediate market panic

Figma's stock price rose 5% since Krieger's departure was disclosed, suggesting investors may not view Anthropic's design capabilities as an immediate existential threat. The market response contrasts with broader software sector concerns about AI disruption.

Details about Opus 4.7's design capabilities remain unreported. Anthropic has not confirmed the model's feature set or release timeline.

What this means

This represents one of the first direct board-level conflicts between AI labs and their software partners. The outcome will provide data on whether frontier AI models can compete with specialized design tools that have years of domain refinement and established user bases. If Opus 4.7's design tools gain traction, expect similar conflicts as AI labs expand into vertical software categories.