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IBM CEO says open weight models are now irresistibly good and cheap on-prem
(www.theregister.com)
This is a most excellent place for technology news and articles.
"On-premises" as it refers to enterprise hw/sw, has been a phrase much longer than "local LLM"
Even though everyone moved to cloud, most companies keep some portion of their infrastructure on-prem, like prod env in the cloud and on-prem test env/backups, or vice versa
Maybe most consumers wouldn't recognize the phrase, but industry professionals certainly would