What is Ollama and LM Studio

Ollama and LM Studio are both for running local models on you personal computer. And when I say local models I mean like Deepseek or ChatGPT. And the best part is that information never leaves your computer, so your chats aren’t being sent to other companies like ChatGPT. That’s great if you want a model to look at your personal journal, your finances and just anything you don’t want companies to look at.