So, after reading all the suggestions here, I played around with it.

Switching between DX11 and Vulkan didn't help me.

Changed settings to ultra low, was able to get through cut scene, turned back up to ultra and started walking around. *Crashed*

Changed graphics settings to High. Crashed.

Changed graphic settings to Medium. Held up for 2 minutes of running around but I needed to get off the computer.

This is kinda ridiculous, I can play much more graphically intensive games on higher graphic settings. But hey, if Medium lets me play...