Game view has black artifacts when entering the Play Mode in the specific project

Reproduction steps:
1. Open the attached “ReproProj” project
2. Open the “REPROSCENE” scene
3. Enter the Play Mode
4. Observe the Game view

Expected result: The Game view is visible without any interruptions
Actual result: Black artifacts are visible on Game Objects in the scene

Reproducible with: 2021.3.20f1
Not reproducible with: 2021.3.21f1, 2021.3.34f1, 2022.3.18f1, 2023.2.7f1, 2023.3.0b4

Reproducible on: macOS 14.2.1 (M1 Max)
Not reproducible on: Windows 10