Minister: AI can be breakout point for Hungarian economy
Artificial intelligence can be a breakout point for the Hungarian economy, and the government aims to make Hungary the best-prepared country for digitalisation in the region, the state secretary for industry policy and technology told a conference on Thursday.
AI is estimated to boost GDP globally by 1 trillion dollars, and businesses that invest in it are seeing significant jumps in revenue, Gergely Fábián told the MBH business conference in Budapest.
Fábián said AI improved operational efficiency, reduced risks and transformed production chains from trade to agriculture and industry. AI, he added, was also changing the labour market as it replaces hundreds of millions of jobs with higher value-added ones.
The state secretary said Europe had fallen behind in the global digital transition which is dominated by China competing with the US. He said Hungary could not be satisfied with simply catching up with the European Union average, adding that the digital infrastructure the country had built after 2010 was among the best on the continent.
Though there is more work to be done when it comes to the development of domestic businesses’ level of preparedness, the government aims to have AI applications built into the health-care system, energy production and agriculture by 2030, Fábián said. It also wants AI to boost GDP by at least 15 percent.
The state secretary said Hungary could become a regional leader in the use of AI and the top developer of autonomous vehicles by the end of the decade.
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Please invest instead into basic upgrades of public hospital premises. I’ve used public hospitals and stayed several nights in them. There are more than enough places to invest, starting for example the mouldy patient showers and providing decent break rooms for workers. I do have to say that the care I received has been great and actual machines&equipment used in treatment were modern. I just wish they woud provide better premises for the professionals to work in and for patients in pain to feel a bit better than in those crowded rooms with very little privacy.