Build error right after creating a Next.js 15.0.1 project

I run npm run dev after creating a Next.js 15.0.1 project, and I got the following error:

./node_modules/next/dist/build/webpack/loaders/next-metadata-route-loader.js?filePath=

Module parse failed: Bad character escape sequence (11:62)

const fileSizeInMB = buffer.byteLength / 1024 / 1024

if (fileSizeInMB > 8) {

throw new Error('File size for Open Graph image "\app\favicon.ico" exceeds 8MB. ' + | (Current: ${fileSizeInMB.toFixed(2)}MB) | +

I created the project using this command npx create-next-app@latest, and I selected Typescript, Eslint, Tailwindcss, and App router. I picked the default answer for the rest of the questions. I am using node v20.10.0 on Windows 10.

I checked the size of the favicon, and it's 25kb.

Having the same issue. Using turbopack by running npx next dev --turbo fixed it for me temporarily.