Fears that frontier AI labs will wipe out vertical AI startups are overblown because the labs have much bigger opportunities to pursue, according to @EverettRandle. "I'm not really in the bearish camp around lab risk for these app companies. Some people will say, 'Claude for legal is coming out, uh oh, legal AI space.' My response has always been that in three months of 2026, Anthropic probably added the amount of medium- or long-term TAM that exists in AI legal, which is still a ton of…