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Serverless runs on servers
(gregtech.eu)
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page 196 of CompTIA Security+ SY0-701 Cert Guide
Serverless
Another popular architecture is the serverless architecture. Be aware that serverless does not mean that you do not need a server somewhere. Instead, serverless archi- tecture involves using cloud platforms to host and/or to develop code. For example, you might have a serverless app that is distributed in a cloud provider like Amazon Web Services (AWS), Microsoft Azure, or Google Cloud Platform (GCP). Serverless is a cloud computing execution model in which the cloud provider (AWS, Azure, Google Cloud, and so on) dynamically manages the allocation and provision- ing of servers. Serverless applications run in stateless containers that are ephemeral and event triggered (fully managed by the cloud provider). AWS Lambda is one of the most popular serverless architectures in the industry.
Me before opening this thread: I bet it's a weasel term for cloud bullshit.
Fucking marketing dickheads.