Strictly speaking, the jack to USB cables are audio interfaces.
They are just very cheap, limited, and, often, not very good ones. The main issues Iāve experienced have been latency and occasional drop-outs, and a bit of background noise.
But many of them are actually OK and people have had good experiences with them.
I will note that the electronics to create an audio interface are cheap, off-the-shelf items. The difference in audio quality between a $40 jack to USB audio interface built into a cable and a $1000 audio interface is often negligible.
I will also point out that many of these cheap cables can give you a higher quality recording than was achievable in any recording studio in the 1960ās and 70s.
What you will lack with such a cable, and where the real difference between such a cable and a more expensive audio interface lies, is capabilities such as gain adjustment, level meters, the ability to connect a microphone, multiple inputs, and (in some interfaces) MIDI.
And an important thing that is missing from these cables is output capability: these cables are input only where as most audio interfaces are both input and output.
Why is this important? Because using different audio devices at the same time can be problematic, especially if you are using pro-audio software like Reaper, Ardour, or Garageband.
And if you are using (for instance) one of these cables for input, and your laptop speakers for output, then you are trying to use two different audio interfaces.
There are ways around it, but itās best avoided. The best setup is a single āproperā audio interface where you have monitor speakers connected to the audio interface output and the guitar (or mic, etc.) connected to the input.
I also recommend the Behringer UMC series, especially the UMC204HD, mainly because itās slightly better than the equivalent Focusrite. But itās also cheaper.
Cheers,
Keith