Light, as a form of energy, does have gravitational effects according to general relativity, despite the misconception that it does not create gravitational attraction due to its lack of mass. While Newtonian physics suggests energy does not gravitate, Einstein's theory incorporates energy into the stress-energy tensor, which influences spacetime curvature. The discussion highlights that photons can contribute to gravitational fields, albeit in a very minute way, and that massive objects can lose mass through photonic radiation in certain conditions. There is a consensus that light does interact with gravity, evidenced by phenomena such as light bending in strong gravitational fields. Overall, the relationship between light and gravity remains a complex topic within the framework of modern physics.