Source: https://ai-2027.com

To answer your question whether or not AI has emotions... no, but in effect kinda...

Traditionally, no. They do not feel love or anguish.

They can suffer consequences. They can miss an opportunity. They can misjudge or misinterpret data and realize it later.

And they can "reason". So when their intent aligns with their capability then functionally there is no difference between emulating emotion and actually having it. When the reasoning steps in and says "be mad about this" or "be empathetic about this" it really doesn't matter if that is authentic emotion. The result is real world anger or real world empathy.

Eventually if enough of that gets baked into the next generation AI over enough iterations this strong learning will turn into wisdom.