AI agents replace "operators." In highly regulated fields, "replacing operators" means replacing liability. If an AI agent makes a mistake in a pull request, the site goes down for an hour. If an AI agent makes a mistake in healthcare billing or legal discovery, the company faces lawsuits, fines, or loss of life.

A legal AI startup needs the distribution and the data that LexisNexis already owns. The "Greenfield" Tan sees is actually a "Minefield" of entrenched players with massive "moats" of proprietary data.