Baking Issue After Updating to Version 11.1

Hello!
After updating Substance 3D Painter to version 11.1, I encountered a problem: the baker stopped working.

What happens:
When I try to start baking, the program completely freezes and becomes unresponsive. I have to force-close it through the Task Manager. The issue occurs every time, even in a new project.

My system:

• Windows 11

• GPU: NVIDIA GTX 1080 Ti

• GPU drivers are updated to the latest version

What I have already tried:

• Restarting the software and the PC

• Creating a new project

Unfortunately, the problem persists.

Could you please advise what I can do to restore the baker's functionality? Are there any known conflicts or recommended settings?

Thank you!