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Serverless runs on servers
(gregtech.eu)
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So serverless means the same as buying it as a service?
Pretty much.
Serverless in cloud computing typically refers to ephemeral processes...things like lambdas and message handlers.
Outside of that it's just a buzzword anyway (like "low code/no code" which is similar) so I guess any managed software is serverless by your definition?
Serverless Aurora is literally a thing in AWS