Transforming an AI Business into a Market Differentiator: the Bilic-Intel Alliance

Bilic began as a crypto investigation platform, working initially on tracking and tracing crypto assets, which involved a significant amount of manual effort. To manage the growing workload, Bilic started automating tasks, developing AI agents that could analyze wallets, detect fraud, and generate reports. This pivot to automation marked the beginning of their transformation into an AI-led entity.

See the video: Transforming an AI Business into a Market Differentiator: the Bilic-Intel Alliance

Building on Intel® Technology

A crucial element of Bilic’s success has been their collaboration with Intel®, utilizing Intel’s Neural Chat 7b large language model (LLM) as the core of their solutions. This partnership was bolstered by Bilic’s victory in the Intel Africa AI Hackathon, where they applied Intel’s LLM to predict fraudulent patterns in mobile banking conversations, a significant issue in the African banking sector. This win led to their participation in Intel’s AI accelerator program, Intel® Liftoff, which provided invaluable resources and support.

AI Agents and Compliance Solutions

Bilic has developed various AI-driven solutions, including Bilic Verify, a platform that performs background checks for employment agencies and security firms. By integrating AI agents into their workflows, Bilic has significantly reduced the time and cost associated with these checks, leading to a 500% increase in revenue for Bilic Verify. These agents, powered by Intel’s technology, are capable of performing complex tasks such as sentiment analysis, fraud detection, and identity verification with high accuracy and efficiency.

The Intel Developer Cloud

One of the keys to Bilic’s operational success is the Intel® Developer Cloud. This platform provides the necessary infrastructure for training and deploying large language models at scale. The cloud’s capabilities have enabled Bilic to handle a vast increase in data processing demands, ensuring their solutions remain efficient and cost-effective. The collaboration with Intel has not only provided technological support but also access to a network of experts and continuous innovation.

Future Prospects and Challenges

Bilic aims to leverage the latest PS Series of Intel® Core™ Ultra Processors, to further enhance their AI capabilities by developing advanced AI agents that can proactively address security threats and improve compliance processes across various sectors. However, the rapid pace of technological change presents challenges, particularly in maintaining up-to-date models and ensuring compliance with evolving regulations.

Conclusion

Bilic is a brilliant case study: with Intel’s support, they successfully transitioned from a niche crypto investigation firm to a market leader in AI-driven compliance solutions. Their story underscores the importance of strategic partnerships, continuous innovation, and a clear focus on solving real-world problems. As they continue to grow, Bilic’s commitment to leveraging cutting-edge AI technology positions them well to tackle the future’s complex security and compliance challenges.

For a deeper look at the benefits of Intel’s Developer Cloud and a step-by-step set up guide, you can read learn more here: Democratizing AI Access with Intel® Tiber™ Developer Cloud.

We also encourage you to check out Intel’s other AI Tools and framework optimizations and learn about the unified, open, standards-based oneAPI programming model that forms the foundation of Intel’s AI Software Portfolio.

About the Speakers

Saminu Salisu
Co-Founder at Bilic

Saminu Salisu CO-Founcer Bilic: Saminu is a developer and data scientist, with a PHD from Technische Universität Wien in Vienna. He has worked on numerous projects originally in the decentralized space, including launching and scaling the blockchain protocol Bird, which was incubated by Binance. Inspired by personal experiences with fraud in decentralized finance, Saminu founded Bilic, an innovative AI company offering solutions to both traditional and decentralized finance sectors. Harnessing his passion for AI in security, Saminu spearheaded the transformation of Bilic into an AI-led entity. The company now develops AI agents that function as dedicated security and compliance officers, powered by unique Language Learning Models and comprehensive data libraries.

Caitlin Egen
Co-Founder at Bilic

Caitlin started her career at British defence company QinetiQ, where she worked commercially within their New Technologies Division. She subsequently joined and helped grow a UK cyber security startup chaired by former Mi6 Director Sir Richard Dearlove. She is currently Commercial Director at Control Risks one of the world’s leadings security firms where she is supporting on the execution of the global strategy for Digital Risks. Caitlin has an undergraduate degree in Economics and History from the School of Oriental and African Studies (SOAS), University of London and a MSc in Countering Organised Crime and Terrorism from University College London (UCL). A passionate believer in leveraging AI to scale secure infrastructure, she joined Bilic as Co-Founder in 2022 and has focused on the commercial model, partnerships, and investment strategy.