Photoshop v 23.x stops responding

Question

I guess I'm having similar problems to others here. When I installed Photoshop v 23.1, it stopped responding as soon as I tried to do anything with a loaded image. I'm using a MacBook Pro, so I get a "spinning beachball" that won't stop and I have to force quit. Reinstalling the latest release of version 22.5.4 works just fine. Here are my specs:

MacBook Pro 16", 2019.

2.3 GHz 8-Core Intel Core i9

32 GB 2667 MHz DDR4

AMD Radeon Pro 5500M 8 GB

Intel UHD Graphics 630 1536 MB

macOS Monterey 12.0.1

I've uninstalled and reinstalled but nothing seems to work. Completely unable to use new version of Photoshop.

Thanks for any assistance.

J453 · Answer

Let's first make sure we're at a known state:

If you restore your preferences using this manual method does it work correctly?
https://helpx.adobe.com/photoshop/using/preferences.html#Manually
If that doesn't solve it, you can quit Photoshop and put the Settings folder back.

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