The Firecracker virtual machine monitor

There's already stuff like AWS Snowball Edge, which (as far as I can tell) lets you run some AWS cloud services (S3, EC2, Lambda (the 'serverless' thing)) in an actual physical box that Amazon will ship to you, and works even without internet access. I guess you'd count that box as a server (though is it still the cloud?). But presumably there's little technical reason why Amazon's software would have to run on that box, it should equally be able to run in VMs on your laptop and TV and internet-connected toaster oven (assuming they have enough RAM), and then maybe you could really call it serverless, though I still don't know if it would be the cloud or not.

I think the fundamental problem is that the technology is advancing faster than our ability to come up with good terminology for it.