Compiler failure on OSX

Started receiving error when trying to build or run applications. Ant appears to work fine though, just the internal IntelliJ compiler.

Information: 1 error
Information: 0 warnings
Error: Process not started:
No such file or directory
Information: Compilation completed with 1 errors and 0 warnings

Would be great if I could help more, but there is absolutely nothing in the log.

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