SciSpace by Typeset is an AI-powered tool that helps users understand research papers more easily. It allows users to search for over 270 million papers and provides explanations in simple language. It offers features like the ability to highlight and summarize confusing sections of a paper, ask follow-up questions to dive deeper into a topic, and find related papers. Users can also save notes and access the tool as a Chrome extension. With its ability to simplify complex academic texts, SciSpace aims to save researchers time and improve comprehension. It has received positive reviews from researchers and students alike.