I am getting the following message when installing the newest version of Concrete5 on my server - what am I doing wrong

An image could not be created from the given input.

Trace:
#0 /homepages/24/d206799178/htdocs/RodeoNights/concrete/vendor/imagine/imagine/lib/Imagine/Gd/Imagine.php(107): Imagine\Gd\Imagine->doLoad('\xFF\xD8\xFF\xE1\x02\x86Exif\x00\x00II*...', Object(Imagine\Image\Metadata\MetadataBag)) #1 /homepages/24/d206799178/htdocs/RodeoNights/concrete/src/File/Type/Inspector/ImageInspector.php(22): Imagine\Gd\Imagine->load('\xFF\xD8\xFF\xE1\x02\x86Exif\x00\x00II*...') #2 /homepages/24/d206799178/htdocs/RodeoNights/concrete/src/File/Version.php(965): Concrete\Core\File\Type\Inspector\ImageInspector->inspect(Object(Concrete\Core\File\Version)) #3 /homepages/24/d206799178/htdocs/RodeoNights/concrete/src/File/Importer.php(182): Concrete\Core\File\Version->refreshAttributes(false) #4 /homepages/24/d206799178/htdocs/RodeoNights/concrete/src/Backup/ContentImporter.php(1030): Concrete\Core\File\Importer->import('/homepages/24/d...', 'bridge.jpg') #5 /homepages/24/d206799178/htdocs/RodeoNights/concrete/src/Package/StartingPointPackage.php(255): Concrete\Core\Backup\ContentImporter->importFiles('/homepages/24/d...', false) #6 [internal function]: Concrete\Core\Package\StartingPointPackage->import_files() #7 /homepages/24/d206799178/htdocs/RodeoNights/concrete/controllers/install.php(293): call_user_func(Array) #8 [internal function]: Concrete\Controller\Install->run_routine('elemental_full', 'import_files') #9 /homepages/24/d206799178/htdocs/RodeoNights/concrete/src/Controller/AbstractController.php(161): call_user_func_array(Array, Array) #10 /homepages/24/d206799178/htdocs/RodeoNights/concrete/src/Routing/ControllerRouteCallback.php(27): Concrete\Core\Controller\AbstractController->runAction('run_routine', Array) #11 /homepages/24/d206799178/htdocs/RodeoNights/concrete/src/Routing/Router.php(142): Concrete\Core\Routing\ControllerRouteCallback->execute(Object(Concrete\Core\Http\Request), Object(Concrete\Core\Routing\Route), Array) #12 /homepages/24/d206799178/htdocs/RodeoNights/concrete/src/Support/Facade/Facade.php(119): Concrete\Core\Routing\Router->execute(Object(Concrete\Core\Routing\Route), Array) #13 /homepages/24/d206799178/htdocs/RodeoNights/concrete/src/Application/Application.php(434): Concrete\Core\Support\Facade\Facade::__callStatic('execute', Array) #14 /homepages/24/d206799178/htdocs/RodeoNights/concrete/src/Application/Application.php(434): Concrete\Core\Support\Facade\Route::execute(Object(Concrete\Core\Routing\Route), Array) #15 /homepages/24/d206799178/htdocs/RodeoNights/concrete/bootstrap/start.php(231): Concrete\Core\Application\Application->dispatch(Object(Concrete\Core\Http\Request)) #16 /homepages/24/d206799178/htdocs/RodeoNights/concrete/dispatcher.php(36): require('/homepages/24/d...') #17 /homepages/24/d206799178/htdocs/RodeoNights/index.php(2): require('/homepages/24/d...') #18 {main}