Continental establishes new artificial intelligence centre in Budapest.
“German automotive industry Continental is establishing a new artificial intelligence 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 Peter Szijjarto announced, according to Kormany.hu.
He 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, he added.
