Audio Eye is software that allows any web content to be indexed, converted to audio, and navigated using audio prompts and keyboard commands. It aims to make the internet more accessible to those who are elderly, disabled, or have difficulty with visual interfaces by allowing them to listen to and navigate websites using sound. Implementing Audio Eye on a website provides benefits like improving messaging and branding, targeting a broader audience, demonstrating a commitment to accessibility, and creating new monetization opportunities through audio advertising and sponsorships.