Cloud commoditized datacenters. People then tightly coupled their applications to cloud providers like AWS. After some time, containers came along and commoditized the cloud providers. Those applications no longer needed to be tightly coupled to a specific cloud provider. This reduced both costs and the risk of being invested in a single cloud provider. Serverless (AWS Lambda) is just the cloud's way of trying to "de…
There are also some abstractions like Kubernetes that are neutral yet also managed with extras by all the providers which is a nice middle ground.
None of this is new or groundbreaking other than the silly hype words like "serverless".