Google LLC today released a new version of Stitch, an artificial intelligence tool that can generate user interfaces for websites and mobile apps. Shares of graphic design software maker Figma Inc.

Figma (FIG) shares dropped 8% after Google unveiled major updates to Stitch, its AI-powered design tool, intensifying competition in the design software space.

Google Labs announced new features for its vibe design tool Stitch, as competition in the interface design tool space grows.

Google's Stitch AI tool is the latest shot across the bow of software makers, as AI companies roll out features directly ...