Figma files for an (A)IPO with prospectus that mentions AI 150+ times

Web design tools developer Figma on Tuesday filed with the US Securities and Exchange Commission to propose an initial public offering of company shares.

The company prospectus mentions AI more than 150 times, characterizing it both as a creative accelerant and a potential threat.

Figma cautions that its own use of AI could make its software more complicated to maintain

The Form S-1 filing arrives a year and a half after software giant Adobe abandoned its bid to acquire Figma for $20 billion. Regulators in Europe and the United Kingdom challenged the takeover as anticompetitive.

Adobe and Figma disagreed with regulators' objections but ultimately abandoned the deal, with Adobe paying a $1 billion termination fee.

Adobe has since fought a lawsuit brought by the US Federal Trade Commission, which feels its software subscriptions are too difficult to cancel. In May, the software maker failed in its bid to have the ...