Dylan Field

Figma reported Q4 revenue of $304M with 40% year-over-year growth and launched an integration with Anthropic's Claude. The market feared AI would displace design software (the "SaaS-pocalypse"). Figma's acceleration and integration strategy suggest AI is increasing utility and user retention rather than cannibalizing the product. LONG. The stock is up 8% as investors re-rate the company's AI resilience. Future AI models (like Sora or advanced UI generators) could eventually bypass design tools entirely.

"In this particular moment, I would put Claude at the top of the list and maybe put Gemini even at two and OpenAI at three." Field, a CEO deeply embedded in the tech stack who "jailbreaks models for fun," explicitly ranks Google (Gemini) and Anthropic (Claude) above the market leader OpenAI. This challenges the consensus that Google is lagging. Amazon is the primary public beneficiary of Anthropic's success via its massive investment, while Google benefits from the Gemini endorsement. Long the "Runner-Ups" (Google/Amazon) as they are technically outperforming the incumbent (Microsoft/OpenAI) in the eyes of sophisticated developers. Field notes rankings change rapidly ("Two weeks ago, I probably would have had Gemini at the top... a month from now, I might put OpenAI back at the top").

"In this particular moment, I would put Claude at the top of the list and maybe put Gemini even at two and OpenAI at three." Field, a CEO deeply embedded in the tech stack who "jailbreaks models for fun," explicitly ranks Google (Gemini) and Anthropic (Claude) above the market leader OpenAI. This challenges the consensus that Google is lagging. Amazon is the primary public beneficiary of Anthropic's success via its massive investment, while Google benefits from the Gemini endorsement. Long the "Runner-Ups" (Google/Amazon) as they are technically outperforming the incumbent (Microsoft/OpenAI) in the eyes of sophisticated developers. Field notes rankings change rapidly ("Two weeks ago, I probably would have had Gemini at the top... a month from now, I might put OpenAI back at the top").

"It's amusing to hear the narrative of software is dead... looking at the reality of the exponential growth of software... where it's going straight up vertical." The market fears AI will replace software companies (coding agents replacing SaaS). Field argues the opposite: AI increases the *volume* of software created, making the "center of gravity" platforms (like Figma, Salesforce, ServiceNow) even more critical for managing this explosion. Buy the dip in high-quality B2B SaaS infrastructure that facilitates product creation. AI agents eventually bypassing UI-based software entirely (the "no-interface" future).