BF4 DirectX Error - Out of Memory

I'm getting the following error message:

DirectX function "device->CreateTexture2D( &texDesc,desc.subResourceCount!= 0 ? reinterpret_cast<const
D3D11_SUBRESOURCE_DATA*>(desc.subResourceData) : 0, &texture->m_texture2d)"failed with E-OUTOFMEMORY ("Direct3d could not
allocate sufficient memory to complete the call.") GPU: "NVIDIA GeForce 780 Ti", Driver: 33221. Free virtual memory:
4291052560kB/4294967168kB. Total resource memory: 0kB. Make sure you have a supported graphics card with at least 512MB.

The message appears to be suggesting that my graphics card doesn't have enough RAM to handle playing Battlefield 4 but I my system specs are well above the recommended specs.

Specs are:

CPU + Mobo: i7 3770K + Sabretooth Z77 FW Version 2104

RAM: 2x4GB Corsair Vengeance 1866 DDR3 memory 9, 10, 9, 27 Timings

GPU: EVGA GTX780 Ti SC ACX with 3GB DDR5 memory nVidia 332.21 drivers

System Drive: 250GB Samsung 840 EVO SSD

Windows 8.1 64 Bit