LIME (Local Interpretable Model-agnostic Explanations) is a foundational open-source framework in the field of Explainable AI (XAI) that allows developers and data scientists to explain the predictions of any machine learning classifier or regressor. By treating models as black boxes, LIME perturbs input data points and observes the resulting changes in output to learn a local, interpretable linear model around a specific instance. In the 2026 AI market, LIME remains a critical tool for regulatory compliance (such as GDPR's 'right to explanation') and model debugging. It excels in high-stakes environments like healthcare and fintech, where understanding why a model made a specific decision—such as rejecting a loan or flagging a medical anomaly—is as important as the prediction itself. The library supports a wide array of data types including tabular, text, and image data, and remains model-agnostic, meaning it can interface with Scikit-learn, TensorFlow, PyTorch, and proprietary LLMs. Its 'Submodular Pick' feature further allows for a representative overview of the model's global behavior by selecting a diverse set of local explanations, bridging the gap between local and global interpretability.