The webinar discusses the Nitro Project, which is the next-generation infrastructure for Amazon EC2. The agenda includes an overview of what Nitro is and how it relates to the C5 instance type, background on virtualization, the evolution of Nitro, compatibility considerations, and next steps. The document then provides details on virtualization concepts and the history of EC2 infrastructure, leading up to the development of Nitro. It describes how Nitro moves more components like networking and storage directly into hardware to improve performance and efficiency compared to traditional hypervisor-based virtualization.