Check for later versions of display drivers
I'm getting the "New Drivers required" error, but it shows I need a driver number lower than my currently installed.
Specifically, for a GTX 970 you say I need to upgrade to v388.31. My currently installed driver is version 388.43, dated Nov. 30, 2017 later than the required version.
Thanks for the feedback. This behavior should not be happening. If the suggestion in the comment below did not resolve this behavior, please contact customer support: support.oculus.com/885981024820727. Thanks!
Dean Beeler commented
If you have other gpu's on your system (like AMD or Intel), make sure those are updated as well. The "New Drivers required" applies to all gpu's on the machine as we have no idea which GPU you plan on plugging the Rift into.