Part of macOS
cloudphotodiCloud Photos
○ Leave it
Uploads and downloads your photos with iCloud.
What it is
Keeps your Photos library in step with iCloud Photos.
Why it might be busy
After taking or importing many photos. Usually until syncing finishes.
If you stop it
macOS starts it again straight away. Leave it.
The verdict
○ Leave it. Part of macOS, or something that starts again by itself. You never need to close these.
In Activity Monitor
cloudphotod
From Procession’s guide, in the words the app shows.