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I've updated my display drivers to the newest version.
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Your graphics card does not meet the minimum requirements for current Photoshop versions.
You'll have to update the card itself, not the drivers.
https://helpx.adobe.com/photoshop/kb/photoshop-cc-gpu-card-faq.html
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I've the same problem, I'm downgrading Photoshop to the previous version. It's not the right moment for change the graphic card (very high prices, very limited choice)
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With the same graphic card model, the only solution for me has been to rollback to the previous version of Photoshop (22.3.0), and now everything works fine.
To reinstall the previous version: open Creative Cloud Desktop, find Photoshop in the App list, click the 3 dots icon at the right of Photoshop and select Other versions, then click Install on previous version 22.3.
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You should run a clean install of the previous version as it may have shared resources with the latest version. I would uninstall the new version first then reinstall the older version.
Other users have reported the same issue with the previous version due to updated system resources.