AI and intelligent machines are becoming an ubiquitous part of our everyday 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 expression, voice interactions, body language etc. have the potential to take human-machine interactions to another level that is currently little explored but has immense possibilities, This talk will explore the recent advancements in emotional machine learning, as well as delve into the pros and cons of building emotionally intelligent machines.