The hosts discuss the real-time visual effects software EmberGen developed by JangaFX. The talk offers details about the features, functions, and capabilities of EmberGen, showcasing how it can be used to create realistic and stylized fire, smoke, and explosions. They also highlight EmberGen's ability to generate game-ready flipbooks and sprite sheets, making it a popular choice for game developers. Additionally, the hosts provide insights into the user interface, node list, and workflow of the software, offering tutorials and practical examples to guide users through the process of creating stunning visual effects.