Kostas Kloudas presented on stateful stream processing with Apache Flink. He discussed how Flink handles state management, fault tolerance, and time semantics to allow for continuous and accurate processing of streaming data. Flink embeds local state with keyed streams, takes consistent snapshots of distributed state, and uses watermarks to process events in event time to produce correct results even for out-of-order data. This allows Flink to provide a robust stream processing engine that scales to large deployments.