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First six agreements signed under InnovFin Artificial Intelligence and Blockchain pilot

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Hungarian public prosecutors have followed a recommendation from the European Anti-Fraud Office (OLAF) and opened proceedings against individuals accused of illegally overcharging for the renovation of children's playgrounds using EU money. Prosecutors are calling for prison sentences for the fraudsters, who illegally pocketed more than €1.7 million in European and Hungarian funding. OLAF Director General Ville Itälä said: "I welcome the decision by the Hungarian authorities to bring proceedings against the fraudsters investigated by OLAF, in line with our initial recommendations. This was a clear case of fraud against EU and Hungarian taxpayer money, and it is good to see that the Hungarian prosecutors agree with this assessment. This case is a prime example of how OLAF and national judicial authorities work together to take on the fraudsters to ensure that every euro of European funding is spent as and where it should be. This kind of investigation is at the heart of what OLAF does and I am delighted that our collaboration with the Hungarian authorities in this case has led to such a positive outcome."


Dogs' brains are not hardwired to respond to human faces, study reveals

Daily Mail - Science & tech

Researchers found that our furry friends' brains are not hardwired to focus on human faces, but respond with more excitement when an animal of the same species is in view. Using an MRI machine, the team monitor brain activity in both humans and dogs as they watched two-second videos that displayed dog and human faces and the backs of heads. The results from the animals showed that no part of their brains responded more to faces, but researchers note that the reason dogs pay attention to human faces is because they evolved to depend on their owners. Researchers found that our furry friends' brains are not hardwired to focus on human faces, but respond with more excitement when an animal of the same species is in view. The study was conducted by a team of Hungary- and Mexico-based researchers, who worked together to compare how dog and human brains process visual information.


How the Minimum Wage Helps Tech

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Creative destruction is the process whereby innovation replaces existing economic structures with new ones. Countries that embrace creative destruction, like England during the Industrial Revolution or Deng Xiaoping's post-Mao trade-friendly China, leave some behind but flourish as a whole. Problems arise when the elites quash creative destruction for their own benefit. When Francis I of Austria-Hungary banned the construction of railroads and factories in the early 1800s to preserve his feudal agrarian order, the empire's economy suffered leading to poverty and famine. Today, with a combination of increasing minimum wages and near-zero federal interest rates, our governments are incentivizing, not quashing, creative destruction.


Dog process speech in the same way as human brains do, study finds

Daily Mail - Science & tech

Despite not being able to talk, dogs process speech in the same way as humans do, according to a new study. Both dogs and human brains separately process the intonation – how a voice rises and falls – and the meaning of the words spoken. Hungarian researchers used functional MRI – measures brain activity by detecting changes associated with blood flow – on awake dogs. They found dogs process intonation mostly in the brain's lower subcortical regions, and recognised the actual meaning of words in cortical regions, like humans. 'Exploring speech processing similarities and differences between dog and human brains can help a lot in understanding the steps that led to the emergence of speech during evolution,' said study author Anna Gábor at Eötvös Loránd University in Budapest, Hungary.


Apple Co-Founder Steve Wozniak On Technology, AI and Innovation in Banking

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While optimistic about the future, Steve Wozniak is not ready to turn over his identity (nor his Tesla) to artificial intelligence anytime soon. At a conference in Budapest I attended, he referenced deleting his Facebook account because of privacy concerns, and that he no longer believes that a totally autonomous car will happen in his lifetime. But Wozniak retains the passion and enthusiasm for technology and innovation that made him a household name as Apple's co-founder. When he and Steve Jobs started Apple, they were trying to develop a new kind of computer that would improve the user experience beyond what was available at the time. Today, "The Woz" is a brilliant engineer, who keeps his eye on what is happening in technology, digital transformation and entrepreneurship.


Apple Co-Founder Steve Wozniak On Technology, AI and Innovation in Banking

#artificialintelligence

While optimistic about the future, Steve Wozniak is not ready to turn over his identity (nor his Tesla) to artificial intelligence anytime soon. At a conference in Budapest I attended, he referenced deleting his Facebook account because of privacy concerns, and that he no longer believes that a totally autonomous car will happen in his lifetime. But Wozniak retains the passion and enthusiasm for technology and innovation that made him a household name as Apple's co-founder. When he and Steve Jobs started Apple, they were trying to develop a new kind of computer that would improve the user experience beyond what was available at the time. Today, "The Woz" is a brilliant engineer, who keeps his eye on what is happening in technology, digital transformation and entrepreneurship.


Steve Wozniak Shares Perspectives On Technology, AI and Innovation

#artificialintelligence

While optimistic about the future, Steve Wozniak is not ready to turn over his identity (nor his Tesla) to artificial intelligence anytime soon. At a conference in Budapest I attended, he referenced deleting his Facebook account because of privacy concerns, and that he no longer believes that a totally autonomous car will happen in his lifetime. But Wozniak retains the passion and enthusiasm for technology and innovation that made him a household name as Apple's co-founder. When he and Steve Jobs started Apple, they were trying to develop a new kind of computer that would improve the user experience beyond what was available at the time. Today, "The Woz" is a brilliant engineer, who keeps his eye on what is happening in technology, digital transformation and entrepreneurship.


"The Alpha Wolf in the Human AI Team" @ The Future Steel Forum 2019

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It was a pleasure and honor to participate at this year's Future Steel Forum 2019 in Budapest to speak about one of my favorite topics, the effective collaboration between human and artificial intelligence. Thanks to the organizer, the presentation is now available for free download. The detailed article "The Alpha Wolf in the Human AI Team" was published inside the accompanying magazine.


Gender bias is a threat to future Artificial Intelligence (AI) applications: Opinion

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According to the latest World Economic Forum's Global Gender Gap Report (2018), only 22 percent of Artificial Intelligence (AI) professionals globally are female compared to 78 percent who are male. This accounts for the general gender gap of 72 percent yet to close. This finding is not only alarming in itself, but a stunning reminder of the urgent action needed by all stakeholders to mitigate the threat posed by gender bias outcomes in future AI applications. Speaking during a session on Design by diversity at the recently concluded ITU Telecom World event in Budapest, Hungary, the Commonwealth Telecommunications Organisation (CTO) outlined the potential of AI as one of the key technologies that will enable the digital transformation for many countries both within the Commonwealth and beyond. Emerging technologies, such as AI, are considered as digital technology equalisers rather than being used to create further digital divide.


Simulating Cancer Cells Using Artificial Intelligence

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Hoteliers in Hungary must be loving life right about now. In 2018, Hungary set a record of 31 million hotel nights booked by tourists. From obnoxious British stag do goers to snap-happy Chinese mainlanders, the streets of Budapest – that's Hungary's capital city for the geographically challenged – are chock full of people enjoying the "Paris of the East." It's a city built on a vast network of underground caves and springs which means there's plenty of sauna action to be found, not just for the sort of lads who cruise Soho's Sweatbox on weekday nights. We recently airdropped one of our MBAs into the city center to bathe in its healing waters and speak with a startup that's trying to heal people using artificial intelligence.