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Pretrained models in deep learning are models already created and trained by someone else to solve similar problems, which can be used as a starting point for building new models. NVIDIA has a collection of over 600 highly accurate pretrained AI models. Pretrained models work by loading and training added layers. ModelZoo and Hugging Face are popular platforms for finding pretrained models for deep learning tasks. Using a pretrained model is significantly more accurate than building a custom-made model from scratch, making it a good starting point for image recognition tasks. Transfer learning is a machine learning technique that involves using a pretrained neural network to solve a similar problem to the one it was originally trained for.