Is ChatGPT a threat to education?

ChatGPT, which the company OpenAI recently released, generates text and can even write essays. The artificial intelligence, or AI, chatbot has already been reported to be a coauthor on four papers and preprints. What does this mean for the future of education? How can universities best address the challenges ChatGPT, or "Chat Generative Pre-trained Transformer," poses? Could the bot enhance education?