Not sure I 100% agree with the conclusion. IMO they currently still offer some level of security against unsophisticated actors, not no security.
And something can be bad and still be the best choice - we probably need some valid alternatives before we abandon captcha entirely - although i'm not sure what that alternative would be.
IMO the conclusion is a little bit like 'if lockpicks exist, locks offer no security and should be depreciated' - but at the moment locks and captcha still offer a level of security against unsophisticated actors.