I’d say something more nuanced. Serverless is increasing commoditization of one layer of the stack at the cost of de-commoditizing a high layer of the stack. This is what makes it a hard decision to grapple with. You’re getting very real benefits from it, and potentially paying a very real cost sometime down the road when being locked into the propietary system bites you.
But the primary utility of serverless is an attempt at solving Amazon's problem of being commoditized by containers.