Figma partners with Anthropic to turn AI-generated code into editable designs

The feature creates a bridge between AI coding tools and Figma’s process, allowing users who have built working interfaces by prompting an AI agent to bring it directly into Figma’s canvas.

There, teams can refine it, compare options side by side, and align on design decisions.

The move reflects a broader bet that agentic coding tools like Claude Code haven’t eliminated the need for design, and made it more essential. But the risk is that Figma is building a better on-ramp to a highway it no longer controls.

If AI tools keep improving, teams may eventually skip the design refinement step altogether.

Anthropic’s products have been at the center of a massive sell-off in software-as-a-service stocks that traders on Wall Street have dubbed the “SaaSpocalypse.”

The iShares software ETF has fallen into bear market territory. Names like Salesforce, ServiceNow, and Intuit have taken double-digit hits.

Figma has been caught in the downdraft.

The stock has fallen dramatically since its IPO last summer, swept up in the same indiscriminate selling that has punished anything with a SaaS business model. The company reports earnings on Wednesday after market close.

Figma stock is down about 85% from the 52-week high of $142.92 that it reached in August.