Ollama is an open-source tool that lets developers and AI enthusiasts run large language models directly on their own computers instead of using cloud services. Popular among privacy-conscious users and those working on AI projects, it supports various models like Llama, DeepSeek, and Mistral. With Ollama, users can manage, customize, and interact with LLMs through a simple command-line interface or HTTP API, making local AI development more accessible and secure.