https://www.dropbox.com/s/pxorso943nzdn ... 4.mov?dl=0
Please see the above video.
This happens regardless of the connected interface (tried it with RME Fireface UFX and Scarlett 2i2 as well as onboard sound), samplerate, buffer size. It occurs basically once every minute or so. It makes Live basically unusable. Ableton 11 (11.1.6), MacOS 11.6, Intel MacBook Pro 13“ from 2020. Please excuse the weird noise in the background, that’s just a water main.