Bound track
Budapest develops AI for Siemens rail projects
The German-owned Siemens Mobility is developing new-generation IT solutions worth more than six billion forints in the Hungarian capital as part of a research and development project related to the automation of fixed-track transport. The Hungarian government has provided approximately 1.5 billion forints in support for this project, thereby helping to create forty new, highly skilled jobs.
Already more than four hundred people are working at the Siemens R&D unit in Budapest
The investment was announced in Budapest on Wednesday. Foreign Minister of Foreign Affairs and Trade Péter Szijjártó stressed that the aim is for Hungary to become not only a manufacturing base but also a centre of innovation in Europe, and it is therefore good news that the foundations have been laid for a change in the dimension of the economy.
In his speech, he explained that the German company's research centre here now employs more than 400 people working on seventy projects using high-tech solutions. He also said that the Hungarian government would support further expansion efforts, as Hungary was interested in cooperation at the highest level.
Source : Link
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