Alverad Technology Focus Ltd.’s AI-powered cybersecurity auditing and consulting platform could strengthen digital resilience, the company told MTI. Under the Széchenyi Plan Plus program, the company received a non-repayable grant of HUF 209.53 million to create the system through a call for proposals supporting the market entry of digital economy players, citing growing cyber threats […]
Hungarian navigation software leader NNG announces a state-backed next-generation AI navigation program, reinforcing Budapest's position as a center for automotive software innovation. Twenty years ago, NNG was founded in Budapest in 2004 as an independent navigation software start up with a single product. Today, it's technology runs in 11 of the world's 14 largest automotive […]
Feed supplier Neocons and IT company CodeYard have been awarded HUF 248 million in European Union and state grant money for the development of an AI-powered business and production support software, Neocons told MTI. The aim of the development is to create an innovation-based, artificial intelligence-supported business planning and production support system that provides a […]
ICS Software Technologies, the American unit of Budapest-based startup CryptoSoft, took prizes in two categories at the US Fintech Awards in New York at the weekend, MTI reports. ICS Software Technologies took the Startup of the Year prize and the Web3 Award. Gabor Hellner, one of CryptoSoft's founders, told MTI that the company's Quantum Time […]
From September 2025, Gabriella Bábel will take up the position of managing director at Microsoft Hungary, the company has announced on its website. Over the past decade, Gabriella Bábel has held senior commercial management positions at Microsoft in Hungary and regional roles, and in 2018, she was also acting managing director of the company for […]
Thyssenkrupp Steering and L&T Technology Services have entered into a strategic partnership and will jointly establish a global software development center in India, the two companies announced on Monday in Budapest. In a joint statement sent to MTI, the two companies said that the partnership is a milestone for them in the implementation of modern […]
More than 30-40 million students at over 8,000 institutions worldwide use the learning management system (LMS) developed by Hungarian experts at the Budapest base of the American educational technology company Instructure, the company told MTI. According to the announcement, the LMS system is used by Oxford, Toronto, and Ivy League universities in the United States, […]
The global telecoms sector's revenues grew 4.3% in 2023 to reach USD 1.1 trillion, but it is still in a difficult position despite 5G subscriptions expected to quadruple by 2028, according to PwC's Global Telecom Outlook. As the world becomes increasingly reliant on digital platforms, artificial intelligence and digital infrastructure could play a key role […]
The image of wandering through the maze of bureaucratic red tape: queuing, printing, scanning, filing and then waiting patiently for one's case to reach the relevant person. Naturally, people want the best customer experience for the tax they pay. The digitization of public services is a major contribution to this, the Budapest-based economic research institute […]
With the spread of artificial intelligence (AI), information security experts' tasks now extend to managing the security risks associated with it, as intelligent devices and AI-enabled process automation also represent new exposures, the audit and consulting firm Deloitte said in a statement sent to MTI. Gergő Barta, chief AI expert in Deloitte's cyber defense practice, […]
The National Bank of Hungary (MNB) has for the first time carried out a thematic examination of the IT, privacy and other risks of artificial intelligence and machine learning used by banks and insurance companies, the supervision found no violations, but risks that need to be addressed, the MNB told MTI on Wednesday. According to […]
The Hungarian companies of Vodafone and Bosch have set up a joint project team for 5G-based automotive testing in Budapest, Vodafone told MTI on Wednesday. The project, which will start in October, will test the 5G network in the field of driver assistance systems and vehicle development, which Vodafone will provide to Bosch. The trial […]
This Tuesday sees the start of the International Olympiad in Informatics (IOI) in the southeastern Hungarian city of Szeged, with around a thousand participants from ninety countries around the world, the organizers told MTI. The International Olympiad in Informatics has been held annually since 1989 for secondary school students from the participating countries. The IOI […]
The emergence of artificial intelligence (AI) has become an unstoppable force, revolutionizing industries and transforming workplaces across the globe. The demand for AI-powered projects and solutions is growing at an unprecedented rate, and it is becoming evident that harnessing the true potential of AI requires more than just skilled software developers. From managers to entry-level […]
To improve cybersecurity in the healthcare sector, KiberPajzs [‘CyberShield’], which is already working well in the financial sector, will be set up in Hungary. To this end, the Center for Health Management Training and the National Cyber Defense Institute have signed a strategic agreement, the two organizations told MTI on Tuesday. In their statement, they […]
