Serverless computing offers a compelling paradigm for deploying machine learning inference workflows composed of heterogeneous CPU and GPU functions. However, existing data-passing solutions in serverless systems primarily rely on host memory for data exchange (host-centric), leading to substantial data movement and salient I/O overhead. Moreover, modern GPU communication libraries (e.g., NCCL, NVSHMEM, UCX) are ill-suited to serverless environments, suffering from redundant data copies, underutilized transfer bandwidth, and inefficient temporary GPU storage.

Cloud-based Large Language Model (LLM) services often face challenges in achieving low inference latency and meeting Service Level Objectives (SLOs) under dynamic request patterns. Speculative decoding, which exploits lightweight models for drafting and LLMs for verification, has emerged as a compelling technique to accelerate LLM inference. However, existing speculative decoding solutions often fail to adapt to fluctuating workloads and dynamic system environments, resulting in impaired performance and SLO violations. In this paper, we introduce AdaSpec, an efficient LLM inference system that dynamically adjusts speculative strategies according to real-time request loads and system configurations. AdaSpec proposes a theoretical model to analyze and predict the efficiency of speculative strategies across diverse scenarios. Additionally, it implements intelligent drafting and verification algorithms to maximize performance while ensuring high SLO attainment. Experimental results on real-world LLM service traces demonstrate that AdaSpec consistently meets SLOs and achieves substantial performance improvements, delivering up to 66% speedup compared to state-of-the-art speculative inference systems. The source code is publicly available at https://github.com/cerebellumking/AdaSpec