Complex sentence: Serverless computing is a cloud computing execution model in which the cloud provider dynamically manages the allocation of machine resources, and bills based on the actual amount of resources consumed by an application, rather than billing based on pre-purchased units of capacity.
Split into simpler sentences: Serverless computing is a cloud computing execution model in which the cloud provider dynamically manages the allocation of machine resources. Pricing is based on the actual amount of resources consumed by an application, rather than on pre-purchased units of capacity.