UK data centre operator Kao Data has completed a £206m debt raise with Deutsche Bank (DB) 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. There is the option for lender DB to extend the debt facility to £356m. Kao Data has also restructured its finances with support from its shareholders and the raise from DB will enable Kao to consolidate its debt with a single financial services organisation.

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