hey, i’ve not followed the whole thread but this issue is due to some driver issue making creation of ray tracing shaders slower than it should.
Im not familiar how common this is for Intel but for AMD i know this affects a few.
you can turn off ray tracing using
ray_tracing = false in your user config (found in appdata)
or modifying the game file
application_settings\win32_settings.ini
same thing there, set ray_tracing = false