It may have something to do with the new file format that changed in 2023. Theoretically it involves reducing file size by optimizing duplicate geometry which should speed up file save times. In your case it seems to have done the opposite.
Whatever the case, somehow you need to reduce that 4.2Gb file size - good luck!
Here are some of the 2023 release notes;
New File Format
The new TM file format has a positive impact on file size, scene save and load speed, and global performance.
The new file format involved several modifications:
Deduplicating meshes and textures: Twinmotion can now identify identical meshes and textures in a project and avoids duplicating them in the saved file.
Results:
Speed: we only save changes made on modified meshes or textures. Saving an existing scene is incredibly more effective and faster than before.
File sizes are considerably reduced for files containing several copies of the same asset (example: Quixel or Sketchfab library items).
Better multithreading: With the new file format, scenes are saved with a multithreaded compression on multi-core hardware.
Result: Overall, the saving sequence is faster compared to previous releases.