As artificial intelligence chatbots offer increasingly sophisticated emotional support, society faces a profound question: can a machine truly empathize? Empathy and Artificial Intelligence provides the first comprehensive roadmap for this pivotal moment. Moving beyond simple binaries of 'hype' or 'doom,' this interdisciplinary volume unites leading psychologists, philosophers, and engineers to explore the tangled web of synthetic care. Key chapters investigate the 'AI Advantage' – where machines often outperform humans in perceived empathy – alongside the 'AI Penalty,' where discovering the artifice corrodes trust. The text navigates the distinct landscapes of text-based LLMs and embodied robots, addressing urgent ethical dilemmas and exploring whether reliance on AI risks the atrophy of our moral capacities or enables synthetic agents to scaffold stronger human relationships. Essential for researchers, students, and curious observers, this book investigates whether outsourcing our emotional labor saves us time, or costs us our humanity.