This has unfortunately not been fixed:
PlatformCook: Error: We hit an error while cooking this content
PlatformCook: Error: cook_failure
LogValkyrieRequestManagerEditor: Detected cook failure, cook job id df04c130-2e05-463d-912f-feae01dd9db7
PlatformCook: Error: Internal Error - Cooker Ran Out Of Memory
LogValkyrie: Display: ProjectSizeRequest::CancelFlow for 3101256a-4bda-600a-c1db-05b5d6358c1a - Content (re)cook error errors.com.epicgames.cookplugin.cookfailureoutofmemory.
JOB_ID=df04c130-2e05-463d-912f-feae01dd9db7
details: Launch session - Cook failure out of memory - #2 by Bug-Reporter