It seems the problem appears on laptop with Geforce M serie.
The guys at Bohemia probably forgot to test their so fucked update on laptops. IT'S GEFORCE, man, not an shitty exotic video card.
So make your job and deploy a hotfix, patch, whatever you want.

And witt the 64bits file:

Same issue here.

In T123784#1584522, @SuicideKing wrote:
Well, deleting existing arma profiles seemed to help one person. so I present a troubleshooting method in order:

Update drivers 2.For laptop users only: In the Nvidia Control Panel (or AMD equivalent), under 3D settings, make sure to add arma_x64.exe and force it to use discrete GPU
check the game, if it still crashes then go to next step, else end troubleshooting
delete your arma 3 profiles and try again.

Hope this helps someone.