That means your system has a CPU with an iGPU. Have you tried disabling it in the bios? Do you have the latest drivers for the Nvidia 970 installed?
I have the lastest drivers on the 970, I haven't disabled the integrated graphics from the BIOS, I did deactivate it from the Device manager and relaunched it, still to no effect, I've also pretty much gone through the trouble shooting list that @vkmast linked, additionally I sent a support ticket in in hopes they can decipher the error code.
I'm a avid gamer and have also used LInux in the past, so I do have some working knowledge with incompatability, and basic trouble shooting skills (Linux especially), I'm just at an impasse with this software, and do appreciate your help @OldSmoke
You are talking about Sony Vegas 15. That program does not exist. Are you sure you are using a legitimate version of Vegas Pro 15 build 416 submitted by Magix somewhere?