Getting this error message:

FYI, I have a nvidia gforce RTX 4050 with 16 gb of ram. 

I decided to try it immediately upon restarting the laptop to see if that'd solve the problem and ended up getting this error instead:

Hi glhf,
Thanks for sharing, do you have the latest NVIDIA drivers? How much VRAM does your GPU have?
The minimum VRAM needed is 8GB. I believe the RTX 4050 has only 6GB of VRAM (Source) sadly.
Try the 800x800 resolution, with no other heavy Software or games running in the background, and try it on another Desktop or Laptop with 8GB or 12GB of VRAM,

AI local image generation is resources heavy, that's why our store page says "NVIDIA Graphics Card is required 8GB VRAM Minimum, 12/16GB Recommended."

 if you can, please record a video screen capture and send it to me princejasperofficial@gmail.com
I will be happy to assist you.