It’s a device that can alter the contents of a video feed, for example translating text in a video from one language to another so it appears in the translated language on the screen.
Because of restrictions in US law that forbid breaking encryption on digital content, it’s forbidden to alter most video feeds because of the widespread use of the HDCP protocol. So this device can’t do that. It can only alter unencrypted video.
But the hope is if he can demonstrate a user base for this technology, he can leverage a portion of the law that will allow for innovations if there is user demand for it.