Your CPU does not support VT-x. Intel HAXM is required to run this AVD. Your CPU does not support VT-x.
Unfortunately, your computer does not support hardware accelerated virtualization. Here are some of your options: 1) Use a physical device for testing 2) Develop on a Windows/OSX computer with an Intel processor that supports VT-x and NX 3) Develop on a Linux computer that supports VT-x or SVM 4) Use an Android Virtual Device based on an ARM system image (This is 10x slower than hardware accelerated virtualization)
What do I do to get around this limitation?
According to Android Documentation, to run an emulator the development system's CPU should support one of the following virtualization extensions technologies:
Your CPU is Intel Pentium B940, which according to the manufacturer does not support Intel Virtualization Technology (VT-x). That's the reason for this error.
The workaround is to use an alternative Android Emulator, e.g. Genymotion.