Watch the video:
Timestamps:
0:00 - Explanation
1:46 - Options in Premiere 14.4
2:39 - Enabling new Hardware Acceleration in Premiere 14.5
3:35 - Performance changes
Adobe Premiere Pro 14.5 was released with new performance features. Utilize your Nvidia or AMD GPU for better performance with encoding and decoding. Better timeline performance comes with this update as well!
This video shows you how to enable it for yourself after updating.
Changes in 14.5: https://helpx.adobe.com/be_en/premiere-pro/user-guide.html/be_en/premiere-pro/using/whats-new.ug.html