The problem ‘Failed to initialize editor’ is seen when you are working on Android Studio Chipmunk 2021.2.1 Patch 2 on a MacPro Monterey Apple chip.
Given below is the snippet of the error ‘Failed to initialize editor’ that you would see when try to run your Android Studio application and even have tried to clean the project.
Error: Failed to initialize editor

The problem, ‘Failed to initialize editor’ is seen because of multiple reasons.
One of the most common reason to see this error is if your Gradle and Android Gradle version are not up to date.
The error can also be seen if your cache is not validated. Ensure that you can use the latest version of Kotlin version in your system which should also be compatible.
Make sure to use the latest version of Android Studio and double-check your JAVA HOME environment.
To fix the error Failed to initialize editor Android Studio, upgrade your Gradle and Android Gradle version to latest and also ensure that cache/file system are validated, once done it would fix the error.
Use the latest compatible Kotlin version in your system and make sure to use the latest version of Android Studio and validate Java Home environment settings.
Steps to Fix the problem ‘Failed to initialize editor’ Android Studio:
Stpes 1: Upgrade Gradle and Android Gradle to Latest Version
Make sure that you are using the latest versions of Gradle version and Android Gradle version. The latest version of the android Gradle plugin as of now is version 7.1.0.
Steps 2: Validate Your Cache/File System
Make sure to validate your cache/file system. Many times the cache of your previous projects is causing your error.
Steps 3: Upgrade Gradle and Android Gradle to Latest Version
After following the above steps you are still facing the error then ensure that you can use the latest version of kotlin in your system which should also be compatible.
Make sure to use the latest version of Android Studio and double-check your JAVA HOME environment.
This should help you fix and understand the problem, ‘Failed to initialize editor’ Android Studio.
Conclusion
To fix the error Failed to initialize editor Android Studio, keep your Gradle and Android Gradle versions up to date and also make sure to validate your cache and file system.