It is planned that by the end of this year, all Bosch Group products and solutions will either incorporate artificial intelligence (AI)-based technology, or will be developed and manufactured with the help of AI.
The company had originally set this as a target for 2025, but is on track to implement plans two years earlier.
Bosch has filed patent applications for more than 1,000 inventions in the field of artificial intelligence in the past five years, making it one of Europe’s leading patent applicants, according to their statement.
The company’s AI experts, from both the research and business sectors, are working on concrete applications to exploit the opportunities offered by new AI models. Around 60 potential use cases are currently being investigated and will be deployed if the results are positive.
According to the announcement, Bosch has more than 300 AI researchers. They stressed that AI has been a driver of development and growth for some time and that
Bosch plans to increase sales of its AI-compatible products to one billion euros in the coming years.
AI-based developments are also one of the focus areas of the Bosch Group’s operations in Hungary, where it is used in a number of areas at the Group’s Hungarian sites, playing a key role in manufacturing processes, whether it is data analysis for production optimization, optical monitoring of certain processes or planning maintenance of in-process equipment.
Artificial intelligence also plays a key role in Bosch’s wide-ranging educational collaborations,
and is an integral part of the Bosch-BME Innovative Competence Center for Vehicle Technology, the ELTE-Bosch Department of Artificial Intelligence, the Budapest University of Economics and Business and the University of Miskolc.
At the end of 2022, the Bosch Group employed more than 18,300 people in Hungary, 1,300 more than a year earlier. Last year, the annual sales revenue of the Bosch Group in Hungary increased by 32 percent to HUF 2,255 billion (EUR 593 million), while its turnover in the Hungarian market – sales revenue from sales outside the group – rose by 15 percent to HUF 314 billion (EUR 83 million). Last year, the company spent 55 percent more than in the previous year, HUF 155 billion (EUR 41 million) on investment, and HUF 112 billion (EUR 29 million) on research and development in Hungary.
Via MTI, Featured photo via Facebook/Bosch Magyarország