Groqnotes is a Streamlit-based application that builds structured lecture notes by iteratively parsing and generating notes from transcribed audio lectures. The application leverages both Llama3-8b and Llama3-70b models, utilizing the larger model for generating note structure and the faster model for content creation. Groqnotes boasts several key advantages, including rapid audio transcription and text generation, and a strategic switching between the two models to balance speed and quality. Additionally, it supports Markdown styling, enabling the creation of visually appealing notes within the Streamlit application, including tables and code, and allows users to download both text and PDF files containing the complete note content.