Running LLMs locally using tools like Ollama, LM Studio, and HuggingFace has become more accessible on consumer-grade hardware.
Benefits of running LLMs locally include privacy, cost savings, customization, and offline access, making it ideal for developers, researchers, and businesses.
Options for running LLMs locally include Ollama for simple setup, LM Studio for GUI interface, and HuggingFace Transformers for flexibility for Python developers.
Hardware requirements, quantization tips, fine-tuning guide with QLoRA, and performance benchmarks for models like Mistral, LLaMA 3, and Gemma are covered in the guide.