The article discusses how ownership and borrowing work in Rust to manage memory and prevent common memory safety issues. Ownership in Rust ensures that only one owner exists for a value at a time, and memory is automatically released when the owner goes out of scope. Borrowing allows multiple variables to access the same memory without taking ownership, with mutable references enabling modifications while ensuring data safety. The article also introduces Leapcell, a serverless platform supporting multiple languages including Rust, offering cost-efficient hosting, streamlined developer experience, scalability, and high performance.