No the 2 hours is their time limit for candidates. The thing is that you are allowed to use any non-human help for their take homes (open book), so if AI can solve it in below 2 hours, it's not very good at assessing the human.
Fair enough. I feel like designing AI-proof take-homes is getting ever more futile. Given the questions need to be sufficiently low context to be human-doable in a short time and timespans for AI tasks increasing, I'm not sure take homes can actually serve any filtering function whatsoever, besides checking if applicants are willing to put in a minimal amount of effort.