AI and intelligent machines are becoming a ubiquitous part of our every day lives. However, while emotions play a key role in every human interaction, machines today significantly lack this emotional aspect. Machines that are capable of understanding emotions based on facial expressions, voice interactions, body language etc. have the potential to take human-machine interactions to another dimension that is currently little explored but has immense possibilities, This talk would explore the recent advancements in Emotional Machine Learning, as well as delve upon the pros and cons of building emotionally intelligent machines.