The project generates an AI competition report for startups using Exa, Anthropic, and Twilio SendGrid in Python. The user inputs their startup idea and email address into a Streamlit web app, which then uses the Exa API to search for competitors relating to the input string. The results are passed to Anthropic's Claude 2.1 model to generate a report summarizing the pros and cons of each company. The report is then sent as an email using Twilio SendGrid.