Light does not have mass but does possess energy, which allows it to be affected by gravity. According to General Relativity, gravity is a result of curved spacetime, influencing all entities, including massless electromagnetic radiation. The discussion emphasizes that while Newtonian gravity is outdated, General Relativity provides a more accurate framework for understanding these interactions. There are inquiries into whether gravity can affect itself, leading to complex considerations about potential energy in curved spacetime. Overall, the conversation clarifies the relationship between light, mass, energy, and gravity within the context of modern physics.