Cannot start the IDE: Cannot start the runtime with 0: Failed to load 'libjvm'

Problem

When starting the IDE, the following error appears:

Cannot start the runtime

Caused by:
0: Failed to load 'libjvm'
1: dlopen(/Library/Java/JavaVirtualMachines/openjdk-11.jdk/Contents/Home/lib/libjli.dylib, 0x0001): tried: '/Library/Java/JavaVirtualMachines/openjdk-11.jdk/Contents/Home/lib/libjli.dylib' (no such file), '/System/Volumes/Preboot/Cryptexes/OS/Library/Java/JavaVirtualMachines/openjdk-11.jdk/Contents/Home/lib/libjli.dylib' (no such file), '/Library/Java/JavaVirtualMachines/openjdk-11.jdk/Contents/Home/lib/libjli.dylib' (no such file), '/opt/homebrew/Cellar/openjdk@11/11.0.22/libexec/openjdk.jdk/Contents/Home/lib/libjli.dylib' (no such file), '/System/Volumes/Preboot/Cryptexes/OS/opt/homebrew/Cellar/openjdk@11/11.0.22/libexec/openjdk.jdk/Contents/Home/lib/libjli.dylib' (no such file), '/opt/homebrew/Cellar/openjdk@11/11.0.22/libexec/openjdk.jdk/Contents/Home/lib/libjli.dylib' (no such file)

Please try to reinstall the IDE.
For support, please refer to https://jb.gg/ide/critical-startup-errors

Cause

The IDE is attempting to run on an unsupported Java version like 8 or 11. IntelliJ IDEA requires at least Java 17 to run. See supported Java versions for details.

Resolution

1. Do not override the default bundled JetBrains Runtime.
2. Remove custom JDK settings:
   • Delete the idea.jdk file from the configuration directory.
   • Remove any system environment variables that override the default runtime.
3. Restart the IDE. It should now use the bundled JDK 17.