Minimal reproducible example for `algoliasearch` not being callable when `moduleResolution` is `Node16`

index.js

import algoliasearch from "algoliasearch";

const client = algoliasearch("APPID", "APIKEY");

package.json

{
  "name": "repro-algoliasearch-not-callable",
  "version": "1.0.0",
  "main": "index.js",
  "type": "module",
  "engines": {
    "node": "16"
  },
  "dependencies": {
    "algoliasearch": "^4.14.2"
  },
  "devDependencies": {
    "@types/node": "^18.11.12",
    "typescript": "^4.9.4"
  }
}

tsconfig.json

{
  "compilerOptions": {
    /* Language and Environment */
    "target": "es2022" /* Set the JavaScript language version for emitted JavaScript and include compatible library declarations. */,

    /* Modules */
    "moduleResolution": "Node16" /* Specify how TypeScript looks up a file from a given module specifier. */,

    /* JavaScript Support */
    "allowJs": true /* Allow JavaScript files to be a part of your program. Use the 'checkJS' option to get errors from these files. */,
    "checkJs": true /* Enable error reporting in type-checked JavaScript files. */,

    /* Emit */
    "noEmit": true /* Disable emitting files from a compilation. */,

    /* Interop Constraints */
    "allowSyntheticDefaultImports": true /* Allow 'import x from y' when a module doesn't have a default export. */,

    /* Type Checking */
    "strict": true /* Enable all strict type-checking options. */,

    /* Completeness */
    "skipLibCheck": true /* Skip type checking all .d.ts files. */
  }
}