Vercel has introduced Turbopack, a new high-performance bundler for React Server Components and TypeScript codebases, which is claimed to be 700x faster than Webpack on large applications. Turbopack is built on an incremental architecture and uses caching to skip large amounts of work. It is currently available in alpha and will be used for Next.js 13 development server. The goal is to eventually power Next.js production builds and provide an incremental migration path for Webpack users.