If you mean anything like PNG, JPG, TIF, etc., then no, there is no function to machine such things.
If you mean something else, you will have to describe in more details.
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There are programs that will "Emboss" an image
Some create toolpaths directly.
Others create 3D geometry usually faceted (STL)
I have used Blender to create embossed images, the input image needs to be formatted such that colour/grey shade maps to a height.