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Mitsubishi Heavy chief: In the nuclear business to stay

Japanese reactor builder says AI will help lower costs

Shunichi Miyanaga, president of Mitsubishi Heavy Industries

TOKYO -- Times are tough for the nuclear power industry. Massive losses at U.S.-based Westinghouse Electric threaten to have its Japanese parent, Toshiba, booted from the Tokyo Stock Exchange, and at France's Areva, ballooning construction costs for its advanced reactors are gobbling up earnings.

In Japan, stringent new safety rules introduced following the 2011 meltdown at the Fukushima Daiichi nuclear plant have made it virtually impossible to build new nuclear facilities in the country. 

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