The document discusses the future of serverless computing, emphasizing the potential for Function-as-a-Service (FaaS) to dominate cloud services but also highlights the challenges of building general-purpose applications due to state management limitations. It advocates for enhanced serverless support for stateful applications, including in-memory session management, real-time processing, and distributed workflows. The introduction of Cloudstate as an open-source project aims to simplify the development of stateful serverless applications by providing abstractions over state management and distributed systems complexities.