The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
100 jobs Number of planned job creations
Announcement Date
30 January 2018
Employment effect (start)
1 May 2018
Foreseen end date
Description
German automotive industry supplier Continental is to open a HUF 5.5 billion (EUR 17.65 million) artificial intelligence software development centre in Budapest in May 2018. The project is supported by a HUF 1.37 billion (EUR 4.4million) state grant.
The research centre will employ around 100 software and hardware experts (machine learning experts, big data engineers, hardware and software designers, embedded system engineers), the main focus of the work will be on deep machine learning in view of autonomous driving and safety.
Sources
30 January 2018: Portfolio.hu
Citation
Eurofound (2018), Continental, Business expansion in Hungary, factsheet number 93268, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93268.
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