Hi! Your game appears to be crashing while trying to load the shader cache.
There could be several reasons for that:
1. Your shader cache might have gotten corrupted - deleting the folder "Documents/Paradox Interactive/Victoria 3/shadercache" and running the game again will rebuild the cache.
2. Your Antivirus software could be blocking the app or "Documents/Paradox Interactive/Victoria 3" folder is restricted in some other way (Our Technical Support might assist with troubleshooting that).
3. You might not have enough virtual memory assigned, but to confirm that we would need your DxDiag file (Windows Start Menu -> DxDiag -> Save all information).
I'll move the thread to our Technical Support forum in case clearing the cache doesn't help!
Best of luck