Matt Butcher dives into the transformative world of serverless computing, introducing WebAssembly and AI inferencing as groundbreaking advancements on Fermyon's platform. He explains serverless computing from a developer's standpoint, emphasizing its event-driven nature and the elimination of the software server. The journey from virtual machines and containers to serverless functions is explored, highlighting the speed and efficiency gains. Matt introduces Spin, an open-source toolkit for building WebAssembly serverless functions, and showcases AI inferencing in serverless applications, demonstrating the potential for rapid and powerful computing solutions.