Ethan Mollick urges us to view AI as a co-worker, co-teacher, and coach. He explores the profound impact of large language models like ChatGPT, Claude, and Gemini on business and education through real-world examples, demonstrating the importance of mastering collaboration with smart machines. Mollick shares his experiments and insights, advocating for prompt engineering as a crucial tool to enhance both our and AI's capacity to partner effectively in our work. He challenges us to harness AI's immense power without losing our identity and to learn from it while avoiding misinformation to shape a brighter future. This exploration is complemented by a significant paper co-authored with his wife, Lilach, revealing how AI can be used effectively for teaching. Ultimately, Mollick emphasizes the need to see AI as a colleague and assistant while remaining mindful of its limitations and concerns.