It's correct if you read "and later" as applying to the service pack/update level and not the version. This is how they talk in the Java world, for example. I don't agree with it either, but apparently it's a thing.
If you reader "and later" as meaning "and later service packs" then surely it's still incorrect as there are no later servicepacks for SQL Server 2014 (yet - maybe it'll be correct the year after next).