I assume that the first step would be to try to determine which part of the dolphi is 100%. Is it a main stream or a secondary stream? If you manage to determine which thread is clogging the entire processor power, I think you could debug the IDE (attach to the process from the second instance of delphi, maybe D7, so you will not have 2 applications that direct your processor), and then go to "offensive" thread. With some luck, code execution may have some debugging information indicating what is being done.
If you have third-party / home components installed, try uninstalling them.
As already mentioned, try disabling code understanding.
Try disabling the launch of any antivirus. (Maybe some kind of Live-Lock)
That's all I can think of right now ...
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