FIGMA
Sundar Pichai pens welcome note to Mark Zuckerberg, says 'excited to serve Google Cloud customers'
Google CEO Sundar Pichai welcomed Meta CEO Mark Zuckerberg's announcement that three of the company's AI models are now available on Google Cloud's Model Garden. The models feature multimodal capabilities and context windows of up to 1 million tokens, marking a collaboration between the two tech giants.
Rippling steps up AI hiring in India, looks to expand enterprise push
The firm is hiring principal engineers, senior staff engineers and senior directors among others as the lab focuses on developing core components of Rippling’s global AI platform, Parandekar told ET in an exclusive interaction.
Adobe, Canva, Figma tools in Claude: Anthropic lets users edit photos, PDFs and designs without switching apps
Anthropic has upgraded its AI assistant Claude, allowing users to edit photos and work on PDFs directly within applications. Users can now interact with tools like Adobe and Canva without switching between different windows. Claude can make direct changes in applications as users monitor the edits in real-time. Additional integrations with apps such as Figma and Shopify are also under development.
Figma banking on AI credits, in-house model to lift margins
Figma is leaning on cashing in on its AI features through credits and using its first-party model to power tasks on its design software platform to bolster its margins, finance chief Praveer Melwani told Reuters on Wednesday.
I’ll believe it when I see it: Figma boss on AI restraint calls
“It’s a nice thing to say, and I’ll believe it when I see it,” the 33-year-old Field -- one of the youngest American billionaires --told ET in an interview in Bengaluru. The NYSE listed firm with a market cap of $11 billion, famously rejected a $20 billion acquisition bid from Adobe. While AI tools are getting more advanced and capable, one can’t outsource their creative thinking to AI as there will be “no differentiated work” anymore in the world.
Flipkart’s marketplace revenue falls; Wipro Q2 profit takes a hit
Flipkart’s marketplace business sees revenue decline as losses widen. This and more in today’s ETtech Top 5.
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Figma CFO says design platform willing to put margins on the line to boost AI demand
Figma's CFO acknowledged that fluctuating gross margins may not recover to former levels due to substantial investments in AI initiatives, aimed at enhancing user experience. The company is focusing on features like design assistants and prototype tools to lure more customers. To boost earnings, Figma has also rolled out a usage-based pricing model for AI credits. However, fears surrounding diminishing margins have negatively impacted its stock performance this year.
Meta expands Muse AI agent for small businesses
Meta Platforms is expanding its AI agent Muse to small businesses, adding integrations with tools such as Shopify, QuickBooks, Stripe and Canva to help owners run their businesses and find new customers, as the Facebook-parent aims to diversify its revenue beyond advertising.
Adobe hands CEO job to Anil Chakravarthy in a bid to steer under-pressure software business amid AI competition
Adobe appointed company insider Anil Chakravarthy as its new chief executive. He takes over from Shantanu Narayen, who led the company for eighteen years. Chakravarthy faces intensifying competition from artificial intelligence rivals. Adobe's shares have declined as investors worry about AI's business disruption. The company is embedding AI across its product lineup to counter these concerns.
Why Figma stock (FIG) dropped over 7% today after Anthropic’s Claude Design launch - here's what investors are worried about
Figma stock experienced a significant decline, falling over 7% on Friday following the launch of Anthropic's Claude Design. This AI-powered tool, built on Claude Opus 4.7, allows users to generate designs from descriptions and integrate with existing workflows, raising competitive concerns for the design software company.
Anthropic's Mike Krieger steps down from Figma's board
Anthropic's Chief Product Officer, Mike Krieger, has stepped down from Figma's board. This move coincides with Anthropic's reported entry into web design, potentially competing with Figma's core products. Krieger's departure was confirmed in a filing, stating it was not due to any disagreements with Figma.
Figma partners with Anthropic to launch ‘Code to Canvas’
Figma on Tuesday announced a partnership with Anthropic and unveiled a new feature, “Code to Canvas,” that converts AI-generated code into fully editable designs within Figma.
Figma sued for allegedly misusing customer data for AI training
Design software company Figma was hit with a proposed class action in California federal court on Friday for allegedly misusing its customers' designs to train artificial intelligence models.
Figma calls India a critical market amid rapid adoption
India is the second largest market for the US-headquartered collaborative interface design company in terms of active user base and has been seeing increasing demand from companies in the region. ET was the first to report, on November 6, that Figma was exploring opening an office in the country soon.
93% designers use AI tools in India: Figma survey
San Francisco-based Figma is positioning itself as an AI-powered platform that supports the entire product development lifecycle from ideation to coding.
Figma soars 12% after Sam Altman’s ChatGPT shoutout — here’s what sent the stock flying
Figma stock jumped after OpenAI CEO Sam Altman talked about its ChatGPT integration. Users can now turn sketches into diagrams using Figma inside ChatGPT. The Apps SDK allows third-party apps to connect easily. Figma is also improving AI tools for designing apps and websites. OpenAI plans more app integrations and future ways to make money with ChatGPT.
Figma draws 'neutral' ratings as Wall Street flags lofty valuation, rising competition
Wall Street brokerages initiated coverage of Figma with neutral ratings, citing its high valuation and competition despite AI-driven growth potential. Figma's shares experienced a strong debut, exceeding its previous buyout price from Adobe. Analysts acknowledge Figma's market leadership but remain cautious, balancing its growth prospects against valuation concerns, while Piper Sandler adopted an 'overweight' stance.
Figma sheds $11 billion in market value days after blockbuster IPO
San Francisco, California-based Figma shares had scored a massive 250% gain during their market debut on Thursday when they were priced at $33 but finished at $115.50, giving the company a market capitalisation of about $56.3 billion.
Listing or blitzing?! Figma stock soars 250% higher on Day 1 on Wall Street
Figma Inc. witnessed a remarkable 250% surge on its IPO debut, marking the largest first-day increase for a US-traded company exceeding $1 billion in three decades. Despite subsequent volatility, its market value soared to $61.5 billion, surpassing expectations from its abandoned Adobe merger.
Figma IPO and stock reaction: All you need to know
Figma, the design software company and some of its existing investors sold 36.9 million shares at $33 each, beating the expected price range of $30-32. The price range had been raised from $25 to $28 earlier in the week due to strong demand.
FIGMA IPO oversubscribed? Should you invest or not - check date, price, valuation
Figma Inc., the collaborative design software leader, officially launched its initial public offering on July 31, 2025, listing on the New York Stock Exchange under the ticker “FIG”.
FIGMA goes public: IPO priced at $33, valuing company at $19.3 billion
Figma IPO Stock Price latest update: Figma's IPO has been priced at $33 per share, exceeding expectations and valuing the company at $19.3 billion. The offering raised $1.2 billion, primarily benefiting existing stockholders. Trading commenced on the New York Stock Exchange under the ticker "FIG" on July 31. This follows Adobe's failed acquisition attempt, which resulted in a $1 billion termination fee for Figma.
Figma's stunning market debut wows investors: It is the largest VC-backed US tech company IPO in years
Figma priced its initial public offering at $33 a share on Wednesday, above the expected range of $30 to $32 and stunned the Wall Street. The company's shares made a debut on the New York Stock Exchange on Thursday. Founded in 2012, Figma is led by Dylan Field, its co-founder and chief executive.
Figma’s much-anticipated IPO: All you need to know
Figma, a cloud-based design platform, has filed for a high-profile US IPO after scrapping its $20 billion Adobe deal. Valued at $12.5 billion, it plans NYSE listing under "FIG" to fund AI, growth, and repay debt.
Figma files for IPO, plans listing on NYSE under ticker FIG
Figma, a cloud-based collaborative web design platform, has filed for an initial public offering on the New York Stock Exchange under the ticker "FIG." The company, last valued at $12.5 billion, aims to expand through acquisitions. Backed by rising revenue and enterprise clients, Figma eyes growth as a public company
It’s a myth that you can’t monetise India promise: Figma’s Dylan Field
Figma chief executive Dylan Field told ET that the American cloud-based design platform aims to leverage India's vast talent pool of designers and product developers to better support its customers. Field told us on the sidelines of the Slush Technology Summit 2024 in Helsinki, Finland, that Figma has a substantial number of weekly active users from India.
Why has Adobe and Figma called off $20 billion merger
Adobe and Figma's $20 billion merger, aimed at reshaping creativity, crumbles under regulatory scrutiny. As Adobe's CEO cites shared vision but clashes with regulators, a $1 billion reverse termination fee marks the end, pushing both companies to chart independent paths.
Adobe open to discussions with EU on Figma deal remedies, says chief counsel
Photoshop maker Adobe expects to get an EU antitrust warning on its $20 billion bid for cloud-based designer platform Figma and is open to proposing remedies to resolve regulatory concerns, its chief counsel told Reuters on Wednesday.
US preparing antitrust suit to block Adobe plan to buy Figma
Responding to the report, Adobe said it and Figma were in different product areas, with Figma focusing on interactive designs.
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