The document discusses Istio Ambient Mesh, a new sidecar-less data plane contribution to the Istio project. Istio Ambient Mesh aims to reduce costs, simplify operations, and improve performance compared to traditional Istio sidecar proxies by using a proxy-per-node architecture instead of a proxy-per-pod. The presenter demonstrates installing and using Istio Ambient Mesh and discusses how it works and its potential benefits.