Android Studio says: duplicate class found and not able to build

While I was trying to build an android project on latest Android studio that is: 

Android Studio Flamingo | 2022.2.1 Patch 2

Build #AI-222.4459.24.2221.10121639, built on May 12, 2023

Runtime version: 17.0.6+0-b2043.56-9586694 amd64

VM: OpenJDK 64-Bit Server VM by JetBrains s.r.o.

I got the below error:

"Duplicate class found"

Duplicate class kotlin.collections.jdk8.CollectionsJDK8Kt found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk8-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk8:1.7.21)
Duplicate class kotlin.internal.jdk7.JDK7PlatformImplementations found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.internal.jdk7.JDK7PlatformImplementations$ReflectSdkVersion found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.internal.jdk8.JDK8PlatformImplementations found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk8-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk8:1.7.21)
Duplicate class kotlin.internal.jdk8.JDK8PlatformImplementations$ReflectSdkVersion found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk8-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk8:1.7.21)
Duplicate class kotlin.io.path.DirectoryEntriesReader found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.ExperimentalPathApi found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.FileVisitorBuilder found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.FileVisitorBuilderImpl found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.FileVisitorImpl found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.LinkFollowing found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.PathNode found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.PathRelativizer found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.PathTreeWalk found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.PathTreeWalk$bfsIterator$1 found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.PathTreeWalk$dfsIterator$1 found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.PathTreeWalkKt found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.PathWalkOption found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.PathsKt found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.PathsKt__PathReadWriteKt found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.io.path.PathsKt__PathUtilsKt found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.jdk7.AutoCloseableKt found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk7-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk7:1.7.21)
Duplicate class kotlin.jvm.jdk8.JvmRepeatableKt found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk8-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk8:1.7.21)
Duplicate class kotlin.jvm.optionals.OptionalsKt found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk8-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk8:1.7.21)
Duplicate class kotlin.random.jdk8.PlatformThreadLocalRandom found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk8-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk8:1.7.21)
Duplicate class kotlin.streams.jdk8.StreamsKt found in modules kotlin-stdlib-1.8.0 (org.jetbrains.kotlin:kotlin-stdlib:1.8.0) and kotlin-stdlib-jdk8-1.7.21 (org.jetbrains.kotlin:kotlin-stdlib-jdk8:1.7.21)

I solved this issue by downgrading the dependencies.

implementation 'androidx.lifecycle:lifecycle-livedata-ktx:2.6.1'

implementation 'androidx.lifecycle:lifecycle-viewmodel-ktx:2.6.1'

Just downgrading from 2.6.1 to 2.5.1

Like below

implementation 'androidx.lifecycle:lifecycle-livedata-ktx:2.5.1'

implementation 'androidx.lifecycle:lifecycle-viewmodel-ktx:2.5.1'

If the above solution does not affect, you can try to add the below dependency:

implementation(platform("org.jetbrains.kotlin:kotlin-bom:1.8.0"))

If the above solution does not affect anything, try downgrading some plugins you just upgraded. It'll definitely resolve.

I hope it is helpful.