American technology has been leading the world for decades. Giants such as
General Electric (GE), Microsoft, Apple, HP and others have contributed much to the world and represent a huge added value. And spend billions of dollars for R+D and marketing to defy Asian competitors.

Neumann Society (NS), a transatlantic non-profit organization working to foster innovation among Hungarians and other Europeans in Silicon Valley announced the opening of Neumann House, its physical headquarters and community space in Redwood City, California on June 1, 2015.

In recent years, companies have undergone a transformation, adapting to the changing market conditions. The role of information technology has also been transformed, it has become a “public utility”, which is essential for the functioning of companies.

The Hungarian viticulture company SmartVineyard finished 8th among the 20,000 competitors participating in Intel's prestigious Global Challenge competition in San Francisco, California, earlier this month.

Hungary’s IND Group, which has grown from a garage company at the end of the 1990s into a leading innovator in digital channels solutions, has been acquired by Misys, a global giant of financial technology solutions, Mysis announced.

Hungary's most powerful supercomputer is scheduled to be operating in Debrecen University, in the eastern part of the country, by the end of 2014. It is another project that will be realized in the country from European Union funds.

The American company well-known for its Internet search engine, Google, has announced the Hungarian launch of Google Street View, an online service that offers panoramic street-level imagery taken throughout the country.

This summer, the Hungarian Mobile Wallet Association celebrated the first anniversary of its foundation. Diplomacy & Trade talked to a member of the Board, Norbert Hovanyecz about the technology used and the plans for the future.

Constantly developing and redeveloping is the key to a successful business, according to the management of Duna Elektronika, a dynamically growing IT firm that provides cost effective, modular IT services for both global accounts and SMEs.

The European Commission’s recently adopted initiative on building out and spreading fast and very fast broadband internet access has been welcomed by the Hungarian government.

Average speed for Internet access in Hungary is 12.58 Mb/sec, which puts this country into the world top 20. The list that continues to be headed by South Korea features several East European states in high positions.