
A private LLM is deployed and managed within a secure environment, allowing full control over data flow and storage, while a public LLM is accessed through an API on another company's server, requiring businesses to relinquish control over their data. Choosing between private and public LLMs depends on a business's data privacy strategy, computational costs, technical capabilities, and desire to stay updated with industry advancements. Private LLMs offer more data privacy and control, but come with higher computational costs and require technical expertise. Public LLMs are more cost-effective and require less technical expertise, but may compromise data control.
October 26, 2024