I had something like this at some point, it turned out the game was running on my integrated graphics card. Maybe go to the launcher and see if it’s using the wrong GPU.
I checked and its the right one, so thats not the problem
Maybe @Travis_IOI can help?
A guy a few days ago reported this on steam forum after the latest patch (2.50), he fixed it using a lower value on SSAO setting, try on high or medium.
No issue on Ultra with my computer.
Image reported by Niccolum :