Extending the timeout duration for a TypeScript function execution.

Is it possible to extend the timeout duration for a TypeScript function (function.typescript) from 60 seconds? If this is already planned, I’d like to know the expected timeframe for implementation.

Separately from the timeout, are there any settings (related to CPU, etc.) that could improve processing speed?

Currently, I’m trying to upload an Excel file from a workshop screen, parse its contents, and update the ontology/DF using the parsed content (in a TypeScript function). However, the process is timing out and failing to execute.