State Secretary Gergely Fábián said Artificial intelligence can be a breakout point for the Hungarian economy, and the government aims to make Hungary the best-prepared country for digitalization in the region.
Fábián, the state secretary for industry policy and technology, told the MBH business conference in Budapest on Thursday that AI is estimated to boost GDP globally by 1 trillion dollars, and businesses that invest in it are seeing significant jumps in revenue. Fábián said AI improved operational efficiency, reduced risks and transformed production chains from trade to agriculture and industry. AI, he added, was also changing the labour market as it replaces hundreds of millions of jobs with higher value-added ones.