Yesterday, I notice Illustrator wasn't updating PSD files after I made changes to them. Looked in the links panel in Illustrator, and the option to refresh the link was greyed out. So, not auto updating, can't refresh, and my only option was to replace the link. (Which required selecting all instances, and clicking the image name and hitting enter repeatedly.)
Today I checked to see if I had multiple versions of PS or ILL installed, and there was only the previous PS. Clicking on options for these two apps offers the option to "Open (Intel)".
This laptop is Apple Silicon. Why do I have Intel versions installed? I thought these apps were already optimized for Apple Silicon?