Android Studio: failed to complete gradle execution, cause is empty

I had the same issue, this problem will be fixed by doing the below step.

Go to

File->Setting->Gradle->Gradle Vm Option

For Android Studio 1.2

File->Setting->Build, Deployment &Execution->Build Tools->Gradle->Gradle Vm Option

, Now put this value -Xmx256m in the box, and hit the Apply button.

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