The machine in your picture is a CNC 1419 mini engraving machine (laser + router type).
It is a small desktop CNC (Computer Numerical Control) machine used for:
Engraving (etching designs)
Cutting soft materials
DIY projects and small production
Some versions come with:
A spindle motor (for carving)
OR a laser module (for burning/engraving)
OR both (like yours seems to support)
In simple words:
It is a computer-controlled engraving machine that can draw or cut designs on materials automatically.