Artificial intelligence is one of the key sectors of the domestic economy

The development of intelligent technologies is gaining new momentum at the Budapest University of Technology and Economics (BME), which is at the forefront of artificial intelligence research. In addition to the MI research of the Thematic Program of Excellence, the research groups of the National Laboratory of Artificial Intelligence have started work.

In a few years, artificial intelligence (AI) has exploded, with few industrial sectors not taking advantage of state-of-the-art technology. The application of MI is also radically transforming the development dynamics of many industries and the related labor market needs, so governments are supporting businesses by promoting artificial intelligence investment, creating educational programs, and encouraging research and development.

The Budapest University of Technology and Economics (BME) is connected to the national MI strategy in many ways, has won governmental and EU-themed projects, and participates in excellence programs. Artificial intelligence focus thematic research is also underway, of which a total of more than HUF 1.1 billion worth of cooperation was generated with their large corporate partners. They have worked with companies such as Nokia, Ericsson, Vodafone, Morgan Stanley, MOL, Knorr-Bremse, Bosch, Siemens, or just Continental in recent years. For example, they have worked with Knorr-Bremse to develop an MI solution that monitors potential emergencies by monitoring the track and its surroundings and prevents accidents with early braking. And with Nokia, researchers and students at the university are working to develop 5G and soon 6G.

Building on this institutional background, the work was started by the National Laboratory for Artificial Intelligence, which was established with significant government support, and the related research groups of the Technical University as members of the consortium.

“We are working on MI research along a unified university strategy. Six of the eight BME faculties participate in the work of the MI National Laboratory. The experts of the Technical University are active in almost all research and application areas involved in MI, we also deal with machine vision, language technology, healthcare applications, sensors, networking of smart devices and security technology. For the time being, about a small proportion of MI patents filed in the EU can be attributed to Hungary, although there is significant potential in Hungary, I am convinced that we could easily take the lead in mathematically based, algorithmically oriented research, for example. ”

– said János Levendovszky, Deputy Rector for Science and Innovation of the Budapest University of Technology and Economics (BME) and Coordinator of Artificial Intelligence Research at the Technical University.

He added:

“The MI National Laboratory, the social, economic, and environmental utilization of research results, focuses on knowledge transfer between research and industry in line with the MI National Strategy, which has existed since last year and set targets for 2030 to advance domestic MI research. The National Artificial Intelligence Laboratory was established in 2020 as a consortium of several leading scientific and higher education institutions. BME is also a member of the consortium, and its leader is the Computer Science and Automation Research Institute of the Eötvös Loránd Research Network. ”

In the MI innovation competition, the United States is currently at the forefront of research funding, background, equipment, and human resources, followed by China and then the European Union, according to a comparative study published in January 2021. According to estimates In 2019, the United States provided $ 14.3 billion, China $ 5.6 billion, and the European Union $ 3.2 billion in venture and private equity funding to MI businesses. While China is catching up with the United States at the speed of light, the Union is also significantly encouraging relevant research and has spent € 1.5 billion on R&D in recent years, a 70% increase over the previous period.

A CB Insight MI ranking of startups according to the first 100 out of 100 startups can be linked to the US, 8 companies are based in the UK, 8 in Canada, 6 in China, 3 in Israel, 5 companies are registered in the EU. The EU aims to encourage a total investment of more than € 20 billion a year in the decade. The European Commission has offered more than € 4 billion under the Digital Europe program to support high-performance and quantum computing. Under InvestEU, it aims to increase access to finance for MI startups by building on a € 100 million pilot investment fund.

Among the National Laboratories established in 2020, BME also participates in the work of three research communities that carry out research that underpins the development of intelligent technologies. In addition to Artificial Intelligence, the Technical University also participates in the tasks of the National Laboratory of Quantum Informatics and the National Laboratory of Autonomous Systems.

The future – shaping podcast series of the Budapest University of Technology and Economics, the Sapiens hymn the latest part deals with the practical application of artificial intelligence and the goals of the National Artificial Intelligence Laboratory can also be learned in detail from the program.

Source: technokrata by

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