When I create a text layer, the whole image turns black. If I enter the text blindly, I will see the expected results when I finish and click on another tool. If I try to edit the text layer, everything turns black again. I am not using the type mask tool. I can select and move the layer and I can blend the layer; I just can't see what I am typing.
Using Windows 8
Update your video card driver from the GPU manufacturer's website.
I had the same problem and the update of the video card driver did not help - only after changing the settings in photoshop under "Preferences >> Performance >> Advanced settings >> Basic" the problem was solved
Alright, that means that even your updated driver still has a problem, and using more basic GPU functions avoids the problem in the driver.