Generative Artificial Intelligence (AI) like Large Language Models (LLMs) have been recently incorporated with various tools and provided within interfaces for humans to interact with. Probably every one of you has already interacted with such AI assistants, like ChatGPT or Claude, to name only two, to solve diverse tasks. But what are the effects of using the help of such AI assistants? In this project, we want to dive into cognitive effects, future possibilities, and pressing risks to shape our responsible usage and development of AI assistants.