Figma CEO says AI superintelligence is not a looming threat to the company

Figma CEO says AI superintelligence is not a looming threat to the company


Figma CEO Dylan Field on IPO debut: Design is going public today

Figma co-founder and CEO Dylan Field said Thursday that artificial intelligence doesn’t pose a serious threat to the future of the design software company, which is on the verge of debuting on the public markets.

“We’re in this moment where you might, if you’re singularity-pilled, go, ‘Hey, superintelligence is coming and it’ll be able to do things that no human can do,” Field told CNBC’s “Squawk Box.” “I have a harder time believing that we’re going to approach that really quickly right now, but that doesn’t mean it’s out of the picture.”

Figma is slated to begin trading on the New York Stock Exchange under the ticker symbol “FIG” on Thursday. Last week, the company estimated that it would price shares in the range of $25 to $28, and on Wednesday it priced above that range at $33 a share.

The offering values Figma, which ranked No. 45 on this year’s CNBC Disruptor 50 list, at $19.3 billion.

The company was supposed to be acquired by Adobe for $20 billion, but the deal was scrapped in December 2023 after regulators objected.

So-called “superintelligence,” a type of artificial intelligence that would be more powerful than the human brain, has recently become a growing focus among technology companies.

Field told CNBC’s Andrew Ross Sorkin that the company’s “complex” graphics engine and other aspects of its technology make it difficult to be replaced by superintelligence.

“I think that’s not stuff that you can learn from looking at code and sort of various places on the internet,” Field said. “It’s not part of the pre-training data mix. I believe that doing that at scale — it’s quite difficult.”

Meta CEO Mark Zuckerberg has been especially vocal about the potential for superintelligence, declaring in a Wednesday memo that the technology will serve as a tool for “individual empowerment” over automation and efficiency.

Meta recently created a lab to pursue superintelligence, and Zuckerberg has poured billions of dollars into building a roster of top AI talent.

— CNBC’s Jordan Novet contributed reporting to this story.



Source

Instacart ends AI-driven pricing tests that drove up costs for some shoppers
Technology

Instacart ends AI-driven pricing tests that drove up costs for some shoppers

FILE PHOTO: Instacart shopper, Loralyn Geggatt makes a delivery to a customer’s home in Falmouth, MA on April 7, 2020. David L. Ryan | Boston Globe | Getty Images Instacart said Monday it will cease the use of artificial intelligence-driven pricing tests on its grocery delivery platform after the practice was scrutinized in a wide-ranging […]

Read More
Tech stocks rebound, Google’s boomerang strategy, Xbox’s slump and more in Morning Squawk
Technology

Tech stocks rebound, Google’s boomerang strategy, Xbox’s slump and more in Morning Squawk

Wall Street and Broad St. signs are seen as New York Stock Exchange building decorated for Christmas at the Financial District in New York City, United States on December 16, 2020. Tayfun Coskun | Anadolu Agency | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five […]

Read More
Uber, Lyft set to trial robotaxis in the UK in partnership with China’s Baidu
Technology

Uber, Lyft set to trial robotaxis in the UK in partnership with China’s Baidu

A Baidu Apollo RT6 robotaxi during Baidu’s Apollo Day in Wuhan, China, on Wednesday, May 15, 2024. Bloomberg | Bloomberg | Getty Images Chinese tech giant Baidu has announced plans to bring robotaxis to London starting next year through its partnerships with Lyft and Uber, as the UK emerges as a growing autonomous vehicle battleground. […]

Read More