hmm, the plot thickens. That means AE cannot use your graphics card.
I've resorted to google to see if I can find a solution and came across this suggestion on Reddit:
"The trick I found was through a CapCut sub believe it or not. If all else fails go to your device manager and disable your GPU. I don’t know why but it fixed my issue with both CapCut and AfterEffects."
Does your system have an Intel GPU enabled? We've seen reports that some Intel drivers are causing issues when there are also NVIDIA drivers installed.
Here are some steps to try:
• Close After Effects
• Go to the Device Manager (Run >> devmgmt.msc)
• Select Display Adapter, Right click on the "Intel UHD graphic card".
• Select "Update Driver"
• Select "Browse my Computer"
• Select "Let me Pick from a list of available drivers on my Computer".
• Select "Microsoft Display Adapter".
• Launch After Effect