It looks like it is more than Manipulate
that is affected by the GPU setup, in 12.3.
I have two PC's with Mathematica 12.3. I will label them as A and B:
A. Has an Intel CPU with integrated GPU. It had the Manipulate problem, fixed by the "Software" workaround as discussed.
B. Has an AMD CPU with Radeon GPU. Manipulate works fine out of the box, without need for any workaround.
The new feature of auto replacements, replacing [[ with \[LeftDoubleBracket] etc, works fine on B. But on A there are no replacements done. Not even the familiar -> \[Rule] or :>\[RuleDelayed]
I will take this up with Technical Support.