Continental to establish new artificial intelligence centre in Budapest
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“German automotive industry Continental is establishing a new software development centre in Budapest that will employ one hundred engineers; the Hungarian Government is providing 1.37 billion forints (EUR 4.4 million) in funding towards the realisation of the 5.5 billion forint (EUR 17.75 million) project”, Minister of Foreign Affairs and Trade Péter Szijjártó announced.
The Minister stressed that development activities at the new centre will be conducted at the highest possible level of technology and the jobs being created require a particularly high level of education.
There is no longer simply global competition for investments, but also for workers, and major investments increase the country’s workforce retention capacity, Mr. Szijjártó highlighted.
“Young Hungarian engineers are being given an attractive opportunity to make use of their knowledge here at home”, he said.
The Minister of Foreign Affairs and Trade explained that there is a major technological revolution going on within the global economy, and it remains to be seen which countries are able to provide suitable conditions for the investment of the new industrial-technological era.
He highlighted with relation to job creation that in addition to the number of new jobs, the most important criteria are now also their technological level, added value and research and development.
“Hungary will be successful if the leading corporations of the new technological era continue to have confidence in it”, Mr. Szijjártó emphasised, adding that the fact that one of the world’s largest automotive industry companies is establishing its software development centre in Budapest is an important source of feedback with relation to the country’s competitiveness.
The Minister also told the press that Continental Automotive Hungary Ltd. currently employs 8 thousand people in Hungary.
According to the Minister, the automotive industry is leading the technological transformation within the global economy, and if Hungary continues to be successful within the automotive industry, then the Hungarian economy could be the winner of the great digital transformation.
Mr. Szijjártó also said that the Hungarian automotive industry had set yet another record during the first 11 months of last year, generating a production value of 6540.5 billion forints (EUR 21.1bn).
It is an honor for Hungary. One would suppose there are Hungarians who excel in Math could well be highly talented in AI. We hope that this development center will further enhance the attainment in the field of AI that is already doing lots of marvelous things in the robotic world. Just make sure the outcome will benefit mankind, not the other way round.