They do reference "passGan" which I assume is this, from 2017: https://github.com/brannondorsey/PassGAN
Paper is here https://arxiv.org/abs/1709.00440
They use "AI" to generate passwords that are more likely based on actual choices, like P@s5w0rd kind of stuff. The paper that is, I have no idea about the company.
And of course it's trained on password leaks... but so are the people who write password cracking algorithms.
When they say it takes 48 minutes to "crack" my password are they assuming some specific rate at whichever the system they are trying to log in to responds to failed login attempts?