Earlier quoted context omitted.
It’s not a misrepresentation, they’re saying the time it would take to write the code has been reduced to two minutes, not the reviewing and everything else (which still takes just as long)
Reviewing the code you didn't write takes much longer than the one you did.
My job right now depending on the week is to either lead large projects dealing with code I don’t write or smaller “full stack” POCs- design, cloud infrastructure (IAC), database, backend code and ETL jobs and rarely front end code. Even before LLMs if I had to look at a project I did it took me time to ramp up.