The actual Nature paper cited has more relevant information than the puff piece article linked.
They show that DMT administration to mice causes growth and differentiation of stem cells into new neurons in the brain. The effect is apparently mediated by DMT's action at the sigma-1 receptor and not at the hallucinogenic 5-HT2aR as coadministration of ritanserin (a 5-HT2a antagonist) does not reduce the effect.
Paper;
Altogether, these observations clearly indicate that DMT increases in vivo the number of new neurons originated in the hippocampus, action mediated by S1R.
They also performed some behavioral studies which indicate the mice treated with DMT have better memory and object recognition skills than control mice.
There is also an older study circa 2018 that shows 5-MeO-DMT has a
similar effect on proliferation of new brain cells.
I thought this was known for some time, maybe I'm wrong though. Certainly there is some evidence that ayahuasca treatments produce positive mental changes, at least when conducted in an appropriate setting. (i.e. not drinking ayahuasca and hanging out in a dingy alleyway with unsavory folk)