From Renting Machines by the Hour to Renting Capabilities by the MSeconds • Dhaval Nagar • GOTO 2025

Dhaval Nagar chronicles the evolution of cloud economics from hourly-billed virtual machines a decade ago to the current 'capability economy.' The talk is structured in three acts, detailing the journey from the initial launch of AWS Lambda, through the maturation of the serverless ecosystem with frameworks and new platforms, to the present day where complex capabilities like AI models are consumed as millisecond-metered APIs. This shift demands a new developer mindset focused on composing services, event-driven architecture, and eliminating infrastructure management.