Photoshop 23.1 (2022) vs Photoshop 22.5.4 (2021) -- Both Apple Silicon

Hi,

I just purchased a 16 inch M1 Max MacBookPro (64 RAM, 2TB SDD) and I'm doing some tests in Photoshop.

1- Anything I do in PSD 23.1 (2022) will make the spinning cursor appear, even simply moving the canvas. When I do the same in Photoshop 22.5.4 (2021), everything works normally -- see screen_recording_01.

2- I tried to resize a poster I created to see how fast the M1 is and strange things started to happen: a- the background layer got destroyed (big pixels) and b- the document is unworkable, the spinning cursor appears all the time and everything is super slow -- see screen_recording_02. The same thing happens in Photoshop 22.5.4 (2021). Everything works fine on my iMac 2019 with PSD 23.0.2. (BTW, the M1 Max is a lot slower than my i9 iMac 2019 -- pretty disappointing).

What is going on guys? It seems like Photoshop for M1 is super buggy and super slow compared to the Intel version. Can you help?

Best,

Tom