Abstract: Generative Artificial Intelligence (GenAI) is rapidly transforming software development, presenting both unprecedented opportunities and significant challenges for software engineering. This panel will explore the evolving landscape of software development, examining how GenAI is reshaping traditional methodologies, accelerating innovation, and demanding new skill sets from software engineers. We will discuss the impact of AI on code generation, testing, defect fixing, and deployment, as well as the ethical considerations and best practices for integrating GenAI into the software engineering lifecycle. Join us to delve into the future of software engineering and envision how we can harness the power of GenAI to build more intelligent, efficient, and trustworthy systems.