Yes, it does exist. There are free programs. One is called Seeing AI, which is an artificial-intelligence app that Microsoft put out. It's a prototype development platform they're trying to use to tweak artificial intelligence.
A few years ago, the National Federation of the Blind, in partnership with Ray Kurzweil—I'm sure you've all heard of him—made available for cost an app called the KNFB Reader. The last time I checked—and please don't quote me on this—it was around the $100 price point. It was a very robust optical character-recognition system that you could literally point at a piece of paper—a menu, a newspaper, whatever—and it would do a really half-decent job of digitizing that to make it accessible.