To add a bit of detail, the Java Executable path shows us that you've linked a 32bit version of java. How do we know? Because it's pointed at a file inside the C:\Program Files(x86)\... folder. That is specifically reserved for 32bit programs in a 64bit Operating System. You need to install java 8, 64bit and then go back to the launcher and change that java Executable path to point at the javaw.exe in the correct folder. By default the 64bit version of java installs to C:\Program Files\.. without the (x86) bit.