Did you read the article or the TL:DR in the post body?

The paper, released in November 2023, notes that even back in 2016 researchers were able to defeat reCAPTCHA v2 image challenges 70 percent of the time. The reCAPTCHA v2 checkbox challenge is even more vulnerable – the researchers claim it can be defeated 100 percent of the time.

reCAPTCHA v3 has fared no better. In 2019, researchers devised a reinforcement learning attack that breaks reCAPTCHAv3’s behavior-based challenges 97 percent of the time.

So yeah, while these are research numbers, it wouldn’t be surprising if many larger bots have access to ways around that - especially since those numbers are from 2016 and 2019 respectively. Surely it is even easier nowadays.

Maybe a billion dollar company has the budget to come up with something?

Looking at the numbers in this post, reCAPTCHA exists to make Google money, not to keep bots out.

I’d rather have no reCAPTCHA than the current state.

Considering the article states that reCAPTCHA v2 and v3 can be broken/bypassed by bots 70-100% of the time, they are obviously not the solution.