API Timeouts

Your software
My Mautic version is: 4.4.4
My PHP version is: 7.4
My Database type and version is: MariaDB

Your problem
My problem is:
When sending a high volume of API calls to Mautic API we are seeing a high timeout. I am wondering if anyone here has experience with this.
We have tried on many different server variants up to 8 dedicated CPUS 64GB Ram and still seeing poor performance and slow response times.

Is the bottleneck Mautic?
Is it the server resource allocation?
The database?

Big question I know but maybe someone has some sort of experience and can she some light.

Regards,

Mike

These errors are showing in the log:

Steps I have tried to fix the problem: