Figma lifts annual revenue forecast as AI efforts drive solid demand

Aug 5 : Figma lifted its annual revenue forecast on Wednesday, encouraged by strong demand for its design software products, as the company's efforts to integrate AI in its tools helped attract and retain more users. Shares of the company, however, fell 10 per cent in extended trading after it kept its annual profit forecast intact, fueling fears over its AI investments denting profit margins.Known for its browser-based platform that allows design teams to collaborate in real time, Figma has leaned in hard on artificial intelligence, embedding the technology across its portfolio to draw in more users by making its tools more accessible and easier to use. Earlier this year, the company launched an AI agent directly built into the Figma canvas that can execute a variety of tasks such as maki