What actually happens at that point, I think that's up for debate. Are we going to become immortal? Probably not. Are we going to have AIs who are better at everything than expert humans? Probably not.
But I think it's strange if someone denies that it's even happening. Just look at the amount of information that's flowing around, by any metric. It's exponential, and you can fit the curve and plot where it goes vertical. If we were talking about physical processes, I'd understand the skepticism. Maybe that exponential levels off. But I don't see why there is any physical limitation on how much information can flow. Or at least: if we hit that wall, things will be VERY different.