Thiel Fellow and cofounder of The Antifraud Company @alexkshieh explains how his company is using AI to identify and collect bounties on fraud: "There are essentially two steps here. The first is that a lot of this data is unstructured. A lot of it is documents. So LLMs really speed that up — getting structured entities out of the unstructured data." "And then we ontologize it. 'This company has this contract, has this relationship with this employee,' etc. We build this ontology…