Okay, one, as many people use it, it seems like it would be fairly likely that they would be caught if they were doing something shady.

Two, the program does not have access to anything other than the text conversations you are having with it, so it’s not like there’s an awful lot of PII that could be exfiltrated through the software.

I would say that you are just as safe using LM Studio as you are using Ollama, at least for now.