Same problem from yesterday after reboot with Google Drive permission loop. No luck. M1 Air.
Pepe414
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Solution from this post https://developer.apple.com/forums/thread/667739?answerId=670780022#670780022
unfortunately did not work for me.
EDIT:
Solution: Install new version (47)
dl.google.com/drive-file-stream/beta47/GoogleDrive.dmg
Worked well.