LLMs are powerful tools for generating responses but have limitations without access to up-to-date and proprietary information. A retrieval augmented generation (RAG) workflow enables LLMs to provide more accurate answers by incorporating a vector database with proprietary data and using text embedding models to retrieve and rank relevant information to augment the LLM's response. Running RAG locally on RTX GPUs provides benefits like low latency, data privacy, and no server costs compared to cloud solutions.