I have started using Android Studio 1.0.1 and there is nothing I can do as I have this error and even the XML can't be rendered.
Error:Unable to start the daemon process. This problem might be caused by incorrect configuration of the daemon. For example, an unrecognized jvm option is used. Please refer to the user guide chapter on the daemon at http://gradle.org/docs/2.2.1/userguide/gradle_daemon.html
Please read the following process output to find out more:
Error occurred during initialization of VM Could not reserve enough space for object heap Error: Could not create the Java Virtual Machine. Error: A fatal exception has occurred. Program will exit.
Somebody else facing the same problem?