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In this tutorial, the speaker introduces the 'void' keyword in TypeScript, explaining that it represents both a type and an operator. The void type is specifically used for functions that do not return a value. An example function, 'logName', takes a string parameter and logs it to the console without returning anything. TypeScript infers the return type as void, and the speaker demonstrates that this can also be explicitly defined in the function signature. However, using void as a return type is considered uninteresting because it indicates that there is no value being returned or assigned, exemplified through a constant assignment.