Quick google search.
This is an Intel performance monitoring tool. Maybe its causing some of these issues…
Going to see if its a required process and something we can shut down. Maybe its interfering with the game.
Looks like its installed with the Intel video drivers, they even talk about it being used with Arc graphics.
View this page, read second post:
https://answers.microsoft.com/en-us/windows/forum/all/any-way-how-to-stop-presentmon-task-in-windows-11/6ff153e9-d664-4a0f-acce-f0161a84c114
Anyone having issues with their system getting large CPU performance spikes, try shutting down this process and see if it fixes your issue.
Also please inform others to try this fix in case it helps them as well.