Can't create new Kotlin project after updating to Android Studio 4.2

Question

I updated Android studio 4.2 but I wasn't able to create new project kotlin

A problem occurred configuring root project 'My Application'.
> Could not resolve all artifacts for configuration ':classpath'.
> Could not find org.jetbrains.kotlin:kotlin-gradle-plugin:1.5.0-release-764.
 Searched in the following locations:
   - https://dl.google.com/dl/android/maven2/org/jetbrains/kotlin/kotlin-gradle-plugin/1.5.0-release- 
764/kotlin-gradle-plugin-1.5.0-release-764.pom
   - https://repo.maven.apache.org/maven2/org/jetbrains/kotlin/kotlin-gradle-plugin/1.5.0-release-764/kotlin-gradle-plugin-1.5.0-release-764.pom
 Required by:
     project :

Possible solution:
- Declare repository providing the artifact, see the documentation at 
 https://docs.gradle.org/current/userguide/declaring_repositories.html

Answer 1

The error is clear Gradle was unable to find the library that you declared

Possible fixes

Location

Project -> build.gradle

//update it
dependencies {
  classpath "org.jetbrains.kotlin:kotlin-gradle-plugin:1.4.30"
}

Edited kotlin has released stable version of version 1.5.0 last night you can use this version to stay up-to-date

dependencies {
  classpath "org.jetbrains.kotlin:kotlin-gradle-plugin:1.5.0"
}