I am running Photoshop 2022 on an M1 Max Macbook Pro (16", 2021). Photoshop is up to date as of 8/30/2022.
Whenever I go to type/change the text in a text box, the entire work area goes blank (everything inside and outside of canvas except for menus). I am able to enter and change the text successfully, but of course I can't see what I'm doing. It does not happen when I just select the text layer and change font, text size, edit layer styles, etc. This has only been an issue over the last week or few weeks at most - I think there was an auto-update in that time, but I'm not positive.
I have tried the Preferences > Performance > Graphics Processor Settings > uncheck Use Graphics Processor to no vail, and honestly, I don't think this would be a good long-term solution even if it did work given the processing capability of the M1 SoC that this would seemingly forego.
I'd appreciate any input on other workarounds. Otherwise, it seems like this is a bug that needs to be patched in a future update.