It could be just slightly "staged" but nothing surprises me with dogs and babies they do tend to gravitate towards each other,obviously there is an adult present.
I agree with Ana and Barrow...the sleeve appears adjusted to suggest a cuddle. The dog is a puppy. It would be nice to think that the two will grow up together and no harm will be done to the child. However, as a parent, I would never take the risk.
I have a similar photo of DD1 and a labrador puppy that we bred. Obviously they were not left alone together. Puppies and babies can grow up very happily together providing there is supervision at all times.