Silknet to Bring NVIDIA AI Infrastructure to Georgia
Silknet today announced that its wholly owned subsidiary, Silk Cloud, has signed an agreement to deploy NVIDIA Blackwell Ultra infrastructure in Georgia. The investment marks the first phase of a planned sovereign AI factory designed to give businesses, startups, researchers, and institutions local access to accelerated computing capacity for AI development and deployment. The AI factory will be built using NVIDIA HGX B300 systems from HPE. It is expected to launch in 2027, subject to the necessary authorizations.
Silk Cloud will offer enterprise-grade AI services supporting model training and inference, including the development of Georgian-language large language models (LLMs) and AI applications tailored to local needs.
By establishing AI computing infrastructure in-country, Silknet aims to strengthen Georgia’s domestic AI capabilities and provide a local hosting option for organizations addressing data residency requirements.
“This investment is a first step toward building the capabilities that can position Georgia in the emerging global AI economy and enable it to become part of the infrastructure behind it,” said George Ramishvili, Chairman of Silk Road Group.
“Georgia should have the capacity not only to consume AI, but also to build it. AI infrastructure is no longer just a matter of technology – it shapes a country’s competitiveness, its pace of innovation and its ability to create new business opportunities. For Silknet, this project is part of expanding our technological capabilities and building the next generation of digital services.” said David Mamulaishvili, CEO of Silknet.
As the first NVIDIA Blackwell Ultra cluster in Georgia, the deployment forms part of Silknet’s broader strategy to expand from connectivity into advanced digital and AI infrastructure.
Other News
Basisbank Opens USD Correspondent Account with Citibank
23.10.2026.16:29
Basisbank has opened a US dollar correspondent account with Citibank. This marks an important step in the expansion and development of the Bank’s international network and supports the deepening of strategic partnerships with leading global financial institutions.
Cooperation with Citibank enhances Basisbank’ s settlement capabilities, broadens its payment channels and enables the Bank to further enhance the efficiency and quality of the services it provides to clients.
Developing its international network and strengthening strategic partnerships are key priorities for Basisbank’ s long-term development. Through closer cooperation with global financial institutions, the Bank creates new opportunities to support international business, foreign trade and access to global financial services.
“Opening a USD correspondent account with Citibank is of strategic importance for Basisbank. This partnership demonstrates international confidence in our Bank and directly enhances the quality of service we provide to our clients. It enables us to offer faster, more secure and more flexible US dollar payment and settlement solutions. We will continue to expand our network of international partnerships to ensure that Basisbank remains a reliable and trusted gateway to global markets for every client.”- Lia Aslanikashvili, Financial Director of Basisbank.
About Basisbank Group
Following Basisbank’ s acquisition of a 95.99% stake in Liberty Bank in April 2026, Basisbank Group is the third-largest systemic financial institution in Georgia, holding an 11% market share. The Group serves over 2 million individuals and more than 65,000 corporate and SME clients. It operates the country’s largest network nationwide, comprising approximately 500 service centers and nearly 700 ATMs across all regions and municipalities of Georgia.
As of end of September 2026, Basisbank Group's total assets stand at GEL 12.4 billion, with a loan portfolio of GEL 7.9 billion and a deposit portfolio of GEL 9.4 billion. The Group recorded a net profit of GEL 178.6 million for the first 9 months of 2026.
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