The path: /System/Library/CoreServices/WidgetRenderer_Activities.app
It places the application on the macOS system volume, which is protected by the Signed System Volume (SSV) security mechanism.
As Apple's documentation explains, the sealed system volume is cryptographically sealed, and macOS verifies its integrity during startup.
The volume is mounted read-only during normal operation.
Apple Platform Security: Signed system volume security
What this means for your concern about hacking:
A conventional third-party application cannot ordinarily modify or replace this application on the sealed system volume.
Its location is strong evidence that it is a macOS-provided component, assuming the path is genuine and the system volume's seal is intact.
The black windows and accumulating processes are more consistent with a software defect, rendering problem, or process-management issue than with evidence of an external compromise.
There is one important distinction: the system volume's protection does not prove that the entire Mac is uncompromised. Malware could potentially run elsewhere, exploit a vulnerability, or operate through other mechanisms. Nor does the path alone establish that the running process is authentic.
Conclusion: Given the exact system path and the reported symptoms following your macOS 27 upgrade, I would investigate this first as a macOS system-component bug.
There is no evidence in the information provided that your MacBook Air M5 has been hacked.