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Serverless runs on servers
(gregtech.eu)
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It's more like "it has servers, but you don't have to manage them, or hire someone to manage them, and we will charge you a lot more, but maybe you'll save money because you don't have to hire someone".
It may also be cheaper because they only run (and acal) when needed, instead of having a few extra servers running "just in case".
Until you get a random ddoss attack or bug and get a 1000 times higher bill.
Sure, you definitely don't need a devops to handle a serverless deployment.