The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Groq maintains policy never to offer highest salary in bidding wars
“We have a policy that we never offer the highest because we want people to choose us, not choose the salary.”
Ross: Groq earns ~20% upfront margins on chip deployments
“Anywhere from, depending on the deal we do get some on the back side, but up front it's about 20%.”
Ross: Partners fund Groq's CapEx until target IRR is achieved
“So the deals that we do the partner will off, because we don't deploy, we don't spend money for our own capex. The partner will put up the money for us to deploy. We pay back with a, you know, decent IRR, and, but we split, and most of it goes to the partner, …”
Ross: PE firms are aggressively seeking cheap AI compute from Groq
“PE firms are all over us. They want access to cheap AI compute, because every time they get more cheap AI compute, they can bring the, they can change the bottom line of their businesses.”
Groq engineers recently switched from Anthropic tools to OpenAI Codex
“Our engineers recently started using codecs more than using the Anthropic tools.”
Groq mandates AI tool usage for engineers while leaving tool choice open
“We have a philosophy, we don't tell our engineers what tools to use. We do tell them you must use AI, because otherwise you're just not going to be competitive.”
Groq raised $750 million at a valuation near $7 billion
“So we raised seven hundred fifty million. ... Yeah, almost seven billion.”
Groq operates with positive gross margins on hardware sales
“So we have when we sell hardware, those hardware units actually have positive margin.”
Ross: A customer recently requested 5x Groq's total chip capacity
“Like I said, last week someone came to us and asked for five times our total capacity.”
Ross: Groq's latest fundraise was 4x oversubscribed on double target
“I mean, with this fundraise, we ended up raising you know, more than twice what we were, you know, expecting to raise, and then we were forex oversubscribed over over what we did raise, and so we could have raised a lot more money, it would have been more dilu…”
Ross: Groq has reached 2.2 million registered developers
“I mean, we have 2.2 million developers on us now. That's how many have signed up.”
Ross: Customers buy both Groq and NVIDIA GPUs rather than replacing Groq
“We don't really have people saying, you know, we're gonna buy GPUs instead of you. We do have people saying we're gonna buy both.”
Ross: Groq blocks IP addresses originating from China
“One of the problems, so we actually block IP addresses from China.”
Ross: Groq decided in 2016 to avoid China for commercial reasons
“And so, in 2016, when Grok started, we decided that we were not going to do business in China. This was not a geopolitical decision. This was purely commercial.”
Ross: Groq previously refused to run Chinese AI models
“So we up until recently refused to run any Chinese models.”
Groq originally planned to raise only $300 million in recent round
“It is, in fact we were only gonna raise three hundred million”
Jonathan Ross: Groq is currently operating 13 data centers globally
“We're now at 13 data centers. We have data centers in the United States, in Canada, in Europe in the Middle East.”
Groq gives every employee a 25 million token per second challenge coin
“Everyone at Grok carries this twenty five million token per second challenge coin. And what this is, is it tells everyone what we're doing.”