There are 1 Companies in Hungary
that provide Mistral Services!

Hungary is an open economy where particular emphasis is placed on encouraging foreign direct investments. Partnership with potential investors is a national priority, special attention is paid to the needs of already existing companies, and to the further development of the business climate. 

Starting with 2010, Hungary has put a lot of effort into developing the IT sector. Some of the best steps in this direction are: 

• Tax modifications and incentive system related to R&D activities

• Strategic partnership for local IT companies, as well as government projects 

• A dual education system based on the tech industry’s needs

• Adjusted the economical climate to the latest requirements of Industry 4.0

In Hungary, the added value generated by the IT sector was 5,18 billion Euros in 2019, and compared with 2017 and 2018, grew by 5% and respectively 7%, which confirms the steady ground the national IT industry stands on. Additionally, Hungarian IT companies have access to the vast EU digital market, which allows them to export services across Europe. 

The most popular IT services provided by Hungarian companies are Software development, Software engineering, and Cyber Security. However, in the last several years’ local companies focused also on app development and knew an increasing number of projects in the AR and VR branches. 

Why you should work with Hungarian IT companies

Even though the digital market is dominated by foreign IT companies ( 66% ), there are also local companies that are striving in providing cutting-edge technology services, which may compete in some places with US, German, and UK companies. For central Europe, this represents a big step ahead and provides cheaper alternatives to the same services for potential customers. 

In 2019, the value of Hungarian exported IT services reached 1.95 billion euros or 8.2% of the entire export value of the country. The numbers are expected to grow significantly due to foreign direct investments in the sector, which also grew by 19% in 2019-2020 Q1.

What you should pay attention to when working with Hungarian IT companies

Hungarian IT companies are not the best-known on the international market, so far. However their increased potential lately may lead to a market boom in the central European market, and many potential customers could turn their attention to this progressive alternative. But the main challenge the companies will possibly face is a lack of experience in working with big projects. In its turn, the lack of experience can lead to poor project management, late project delivery, or even poorly executed projects. 

How reliable are Hungarian IT companies

Hungarian IT companies don’t have a reputation for providing services in IT, which can turn both as an advantage and disadvantage for the companies. Depending on how well local IT companies will start performing on a larger scale, the reliability of companies will be appreciated. 

How does the Hungarian IT sector relate to the neighboring countries

The V4 countries are working together in many areas including in the IT sector. Companies from these countries benefit from facilities and eased access on national markets, but, they also compete. 

In these regards, Hungary is the 2nd growing country in the IT sector in the group of 4, straight after Poland, which already took the lead with an advantage of 35%. 

Outside the V4 group, Romania and Ukraine are also countries that are direct competitors with the Hungarian IT sector. It is still uncertain whether Hungary, Ukraine, Poland, or Romania will become the largest central-European hub in the EU, and generally, in Europe. 

Created to build highly efficient and accessible large language models (LLMs), Mistral is a French AI company. Its goal is to make advanced technologies accessible for businesses, researchers, and developers. It follows an open-source strategy, giving users access to change, integrate, and distribute AI models with increased flexibility. 

Mistral is characterized by high performance, support for many coding languages, and a wide context span. This AI startup is used for emotion analysis, code writing, bug fixing, critical thinking, chats & virtual assistants, and the generation of text. It is built on a transformer infrastructure, which represents a type of neural network that writes text while it predicts the second most probable word or phrase.

Its chatbot called Le Chat has a free version for users on the web and mobile app, but also has a paid model for businesses called Le Chat Enterprise. Mistrals is a rival to other AI chatbots like ChatGPT, having lower costs, higher performance, and results.

What are the advantages of using Mistral for your project?

Used by individuals, developers, and entrepreneurs, Mistral offers the option to use their virtual assistant, generate and summarize text, create content, and write code. Your project can leverage its advantages, and they are the following:

• High level of customization and flexibility
• Budget-friendly
• Business-grade AI abilities
• Opne-source
• Support for multiple programming languages
• Seamless integration
• Strong community and support
• High-rate output

How to find the best Mistral platform?

Mistral is used in versatile domains like software development, finance, education, and customer support. For your project to leverage the perks from Mistral, you should choose the best partner that provides its services. To do that, follow the following criteria:

1. Versions and specializations: Mistral offers multiple versions, like Mistral Medium 3 and Mistral Large 2, that are commercial models. Mistral 7B and Mixtral 8x7B are open source. There are many more versions with different tools and features, so the chosen platform for your project should have various models of Mistral or to have the one that fits the best.
2. Control over data privacy: You can deploy Mistral models to places where it is important for data security, regulatory compliance, or framework control. Select platforms that support the deployment options matching your project's needs. It gives a higher level of customization and control over your data.
3. Seamless incorporation and Developer features: Select a Grok platform that provides developer-centric features like SDKs, API-first design, orchestration tools, and connectors that facilitate integration with your existing system. 
4. Cost-efficiency: Mistral has, besides a free version, various payment models. Starting with $0.10 input and $0.30 output, to $2.00 input and $2.00 output per million tokens. You can also pay $1.00per 1,000 pages, $30/ 1,000 queries, $100/1,000 images, and $0,01 per API call. Choose a platform that offers payment models affordable for your project’s budget with the desired features.
5. Community and support: Select a platform that has an active community, help, documentation, and continuous updates to help you avoid problems or resolve them if they appear. It will create a user-friendly environment and provide better results. 

On the TechBehemoths, you can find the best Mistral companies for your project. There are 90+ firms from various countries all over the world. Evaluate the detailed profiles, client reviews, and select the one that feels most suitable for your project. A hand of help is also the vast range of filters on TechBehemoths, including hourly rate, team size, location, and other required details your project has.