I reported on this earlier. I have an arc a770 and Intel i9-12900k, 32GB of DDR5 (7200) RAM. I can run other games like Diablo 4 and Dragon’s Dogma 2 with no problem.
I have rolled to several different intel graphics drivers releases. I have also tried inputting -dx11 and -dx12 commands in steam. I have tried to run in windowed and full screen, scaled graphics down to bare minimums, capped at 30fps, etc.
As soon as I try to continue game after creating the character, the game hangs then crashes to desktop. I am assuming this is in an issue with the Arc graphics card drivers and you building with them.