It does not. This is basic thermodynamics. Unless we are using computers made out of something other than matter, powered by something other than energy, thermodynamics bounds us all.
Ok, but what if the AI figures out a new thermodynamics? A completely new thermodynamics, that's vastly more powerful than human thermodynamics, but of course humans won't be able to comprehend it, because it's so much more powerful, that you need the superintelligence to handle it. With a thermodynamics like that, anything could be possible, and remember: what we have now is the worst it will ever be.