This is Paro, a cute robotic baby seal, that is used for healing purpose. It's the 8th generation design developed by AIST, a leading industrial automation pioneer in Japan, and has been used widely in Japan and Europe.

Paro has been certified by the Guinness World Records as the World's Most Therapeutic Robot because Paro has the ability to learn from you, and feels just like a real, lovable pet in its natural responses. Paro also imitates the voice of an actual baby harp seal.

Some medical facilities in countries such as the UK, and Japan are using Paro to help patients with dementia. 

Paro is sold for US$ 5,000. You can get more details about Paro HERE.