It seems like the equation shown in the article doesn't satisfy the condition listed on the wikipedia page. Did the author make a mistake?
However, the Nautilus article also says that "Conventional wisdom held that for any continuous curve, it was possible to find the gradient at all but a finite number of points", which is clearly not true, so I'd be cautious about its technical correctness.
Mathematicians didn't state this as theorem or axiom, so it's hard to pin down exactly what they might have believed; the people answering the question talk about "except at isolated points" rather than "except at a finite number of points".