Enable Intel Virtualization Technology (VT-x) in BIOS. Also, disable Windows Hyper-V temporarily using:

rather than the main download page, which defaults to the newest stable version. Version Selection: Look specifically for "Android Studio Giraffe | 2022.3.1"

You might ask: Why not just download the latest version? Here are valid reasons to stick with Giraffe 2022.3.1:

Go to (or File > About on Windows).

To confirm you have successfully installed :