Issue -
In adobe 2023 there is an issue GPU will not consider while rendering video. and Only 100% CPU will use while rendering. and it will end up with a performance issue.
This has been addressed with your team but is not solved. But right I could find a bug and am ready to show the bug and its details. Kindly let me know how can I help you.
Please find the attachment for reference.

Adobe Premiere Pro version number: 23.1.0
Operating system - Windows 10 pro-64-bit. version 1809
System Info:
CPU - Intel(R) core (TM) i7-8700 CPU @ 3.20 GHz
NVIDIA Quadro P4000 and Driver Version 31.0.15.1659
32 GB
Internal 1.5 TB
Video format: MP4/ 50FPS, camera Sony A7M3
Workflow details: it's a simple sequence video file. which contain Text, 2-layer audio, etc
Steps to reproduce - GPU never uses while rendering only CPU use it. and this issue was reported to adobe customer care but they couldn't find it.
Expected result - I found, where is the bug, and I'm ready to help you
Actual result - actual problem still here.