Understanding the nature of generative AI is crucial for educators to navigate the evolving landscape of teaching and learning. In a new report from the Next Level Lab, Lydia Cao and Chris Dede reflect on the role of generative AI in learning and how this pushes us to reconceptualize our visions of effective education. Though there are concerns of plagiarism and replacement of human jobs, Cao and Dede argue that a more productive way forward is for educators to focus on demystifying AI, emphasizing the learning process over the final product, honoring learner agency, orchestrating multiple sources of motivation, cultivating skills that AI cannot easily replicate, and fostering intelligence augmentation (IA) through building human-AI partnerships.