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Grand Theft Auto 4 for PS5, Xbox Series X/S reportedly in development, could release this year
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To be fair I don't think the issue is Grove Street Games. The AI-upscale texture work wasn't even done by them - that was Technicolor, who Rockstar, as far as I know, still use to this day.
The issue was that Rockstar gave them a tiny budget, not a whole lot of time, and then moved the deadline forward six months when GTA V E&E got delayed. I think the scope for the project was fundamentally wrong as well, the games needed a lot more than a straightforward port onto Unreal Engine.
No wonder it released in the state that it did.