Grand Theft Auto V PC Shadow bug (GTX 770), also happens with GTX 970

For this video I set everything to off/normal except the shadow related settings which are maxed out. As you can see there is a rectangle shaped area around the player where the shadows are sharp and everywhere else they are low quality. Even if I set every possible graphics setting to the max it will still look like this. Recorded with GTX 770 (350.12 driver), i5 4690, 8gb ddr3 Sorry for the 720p, my monitor is not full HD :C