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‘Monetising data’: how Hitachi has soared with bets on AI future

New chief executive takes over streamlined conglomerate with most of its revenues and employees overseas
Hitachi chair Toshiaki Higashihara: ‘Investors have conviction . . . we need to take this up another level’

Hitachi has become one of the biggest beneficiaries of booming demand for artificial intelligence and clean energy — soaring into the top five of Japan’s most valuable companies after a deep corporate overhaul.

The 114-year old manufacturing conglomerate has rewarded investors for backing its transformation into an industrial software and hardware provider, with its market capitalisation trebling in the past two years to more than $100bn.

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