Found a solution from Github: Isaac Lab | Fails to run tutorials\00_sim\create_empty.py | conflicting gpu error · isaac-sim/IsaacLab · Discussion #1588 · GitHub
I disabled the Intel Graphics Display Adapter under Device Manager, and now standalone is botting up no problem!
Now, if there is a way to get it to work without having to disable the Intel Display adapter, I would be interested in that as well.