I did not interpret the article as you did, and thought it was clear throughout that the author was talking about an individual read from memory, not reading all of a given amount of memory. "Memory access, both in theory and in practice, takes O(N^⅓) time: if your memory is 8x bigger, it will take 2x longer to do a read or write to it." Emphasis on "a read or write".

I read "in 2x time you can access 8x as much memory" as "in 2x time you can access any byte in 8x as much memory", not "in 2x time you can access the entirety of 8x as much memory". Though I agree that the wording of that line is bad.

In normal big-O notation, accessing N bytes of memory is already O(N), and I think it's clear from context that the author is not claiming that you can access N bytes of memory in less time than O(N).