Launch session - Cook failure out of memory

Summary

Launch session is very very broken. I’ve tried Asia (UAE) + Europe servers, unfortunately I keep running into
LogValkyrie: Display: ProjectSizeRequest::CancelFlow for 3101256a-4bda-600a-c1db-05b5d6358c1a - Content (re)cook error errors.com.epicgames.cookplugin.cookfailureoutofmemory.

and

PlatformCook: Error: We hit an error while cooking this content
PlatformCook: Error: errors.com.epicgames.content-service.cook_failure
PlatformCook: Error: CookJobId:06e75405-70b2-4ea5-b10d-78a0aa4383f7
PlatformCook: Error: An error occurred while communicating with the game servers (failed to cook module 3101256a-4bda-600a-c1db-05b5d6358c1a (artifact e84840e5-4e37-4d68-9e8a-24d5a41f0fe0:pc) (cookJobId 06e75405-70b2-4ea5-b10d-78a0aa4383f7) with error code errors.com.epicgames.cookplugin.cookfailureoutofmemory).

Please select what you are reporting on:

Creative

What Type of Bug are you experiencing?

Assets

Steps to Reproduce

  1. Press launch session in my project

Expected Result

Launch fine

Observed Result

Fails to launch, cook error - out of memory

Platform(s)

PC

Additional Notes

I have had many launch session issues now for 2 weeks already. I reported this and it is not because of the UAE situation. Even Europe servers are running into this issue.