Generative AI is transforming the software development industry, providing coding tools that assist programmers and creating new job opportunities. In academia, computer science students are using generative AI to enhance their understanding of complex concepts, summarize research papers, and explore new research directions. Educators are also integrating generative AI into teaching, shifting the focus from code syntax to problem-solving skills. However, there are concerns about the accuracy of generative AI tools and the risk of overreliance, as well as issues of copyright and bias. Collaboration between students and educators is crucial in adapting to these changes and preparing students for industry requirements.