Three days before Anthropic unveiled a product that would directly challenge Figma’s core business, its chief product officer quietly resigned from Figma’s board.
Mike Krieger stepped down from Figma’s board on April 14, 2026. On April 17, Anthropic launched Claude Design, an AI-powered tool that generates interactive prototypes, slide decks, and marketing materials from natural language prompts. Figma’s stock promptly dropped between 6% and 7.7%.
From partner to competitor in two months
Just two months earlier, in February 2026, Figma and Anthropic were actively collaborating. The two companies worked together on a feature called “Code to Canvas,” which integrated Claude-generated code into Figma designs.
Claude Design, now available in research preview for paid Claude subscribers, runs on Anthropic’s Claude Opus 4.7 model. Claude Design isn’t targeting the professional designers who live inside Figma eight hours a day. It’s targeting everyone else, the product managers, marketers, founders, and developers who currently need to either learn Figma or bother someone who already knows it.
