UK data centre company raises £206m from Deutsche Bank to support AI ambition

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City AM

By Jess Jones UK data centre operator Kao Data has completed a £206m debt raise with Deutsche Bank as it looks to support the UK’s increasing appetite for artificial intelligence (AI) and advanced computing. Kao, which develops and operates data centres specifically for AI, plans to use the cash to build new data centres across the UK and Europe. Data centres are crucial for the training and use of AI models, which require vast amounts of computing power and data storage. There is the option for lender Deutsche Bank to extend the debt facility to £356m. Kao Data has also restructured its finan…

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