Hyperlight announces a new lightweight VMM capable of launching new virtual machines in milliseconds, providing a platform for running WebAssembly (WASM) Component binaries without an operating system. This functionality is based on the Wasmtime runtime and utilizes WASI interfaces. The post highlights potential use cases, including customizable serverless architectures similar to Cloudflare Workers or AWS Lambda. There are discussions among users about the implications of deploying WASM in various setups, potential API management features, and whether WASM's name should reflect its broader utility beyond browsers.