Foundation models—AI systems trained on expansive datasets that can perform a wide range of tasks—and large language models—a subset of foundation models capable of processing and generating humanlike language—have quickly become valuable tools for businesses and consumers alike. From widely available LLMs like ChatGPT to smaller models fine-tuned on the industry- or domain-specific data, these systems can analyze information, generate text, answer questions, and streamline both repetitive and knowledge-based tasks.