The adoption of artificial intelligence (AI) is currently one of the most significant steps in digital transformation for Hungarian companies, but while large corporations are scaling up rapidly, the majority of SMEs are still struggling with a lack of data infrastructure and financing. At the Top Executives Roundtable panel discussion during Portfolio’s AI in Business […]

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 […]

Artificial intelligence (AI) is not a promise for the future, but already a competitive factor for Hungarian companies, according to a recent SAP survey of 387 Hungarian middle and senior managers. According to the results, the business benefits of AI are tangible: the vast majority of companies using the technology experience faster decision-making, more efficient […]

Hungary has promulgated its first law on artificial intelligence, the Ministry of National Economy Ministry said on Saturday. With the act, the government aimed to establish a legal framework for the safe, transparent and responsible use of AI, Szabolcs Szolnoki, the deputy state secretary for technology, said in the statement. In addition to implementing the […]

The Hungarian Association of Digital Companies (IVSZ) launched a project to establish an AI Competency Center in Budapest this Wednesday, MTI reports. The center would offer AI development support as well as education and training programmes. The aim of the project is to establish the conditions necessary for local SME software developers to implement AI-based […]

In July, the Budapest-based economic research institute GKI conducted a survey of 1,000 respondents, representative of the Hungarian population, on the spread of artificial intelligence (AI) in everyday life. As its previous analysis showed, 36% of the population use AI at least with moderate frequency in their work, while the share is slightly higher (42%) […]

The international community should place greater emphasis on the joint governance of artificial intelligence (AI), calling for the early formation of a global framework and rules that have broad consensus to guide the development and use of AI, according to Chinese Premier Li Qiang. Addressing the opening ceremony of the 2025 World AI Conference and […]

Contrary to fears, the rise of artificial intelligence (AI) will increase rather than decrease the number of jobs, transforming the way people work, according to a statement sent to MTI by PwC Hungary, citing the PwC Global AI Jobs Barometer 2025 report, which found that even in the jobs most exposed to the impact of […]

According to PwC's latest research, AI (artificial intelligence) could add one percentage point per year to the economy's growth rate over the next decade, comparable to the growth rate of the world's industrialization in the 19th century. Cross-sector transformations and leveraging the business value of AI are the focus of Value in Motion, which also […]

Coca-Cola HBC Hungary is preparing to open 15 staffless and cashierless stores in three years with a total investment of more than HUF 250 million, and the company plans to triple its revenue from this commercial solution by the end of 2026, the company told MTI on Wednesday. According to the information, the soft drink […]

Nearly 60% of the world's CEOs expect global economic growth to accelerate in the next 12 months, and 42% expect a 5% increase in headcount, according to PwC's 28th Global CEO Survey, released this Monday at the World Economic Forum in Davos. Almost three-fifths (60%) of CEOs are optimistic about the global economic outlook in […]

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 […]

AiMotive Informatikai Ltd., that has been a Stellantis member company since last year, has embarked on a EUR 55 million R&D project to develop an artificial intelligence platform that will provide Level 3 self-driving capabilities for all car models produced by the group. A quarter of the investment cost is borne by Hungarian taxpayers due […]

Not less than three new large-scale R&D projects have been announced by Continental to further strengthen its Hungarian operation. The investments worth EUR 47.6 million promises to create 280 new jobs in total thru 2024, and they are aimed at developing solutions in the realm of autonomous driving and automotive safety. Continental Group is present […]