Lambda is AWS's serverless compute service that allows you to run code without provisioning or managing servers. Code is triggered by events and runs in isolated containers. Key points:
- Code is written as single functions that are triggered by events from AWS services or APIs
- Functions run in managed containers that are allocated memory and compute proportionally
- Functions are stateless and ephemeral, running code only in response to events
- AWS handles automatic scaling of functions based on event load and manages the underlying infrastructure