[polymer-build] [transformModulesToAmd] Could not resolve module specifier "require"

[atomikolex]

When running CLI 1.7.0-pre.10 to build
{ "name": "bundled-amd", "bundle": { "inlineScripts": false }, "js": { "transformModulesToAmd": true } }

I am getting: Could not resolve module specifier "require" in file ... and
[BABEL] Note: The code generator has deoptimised the styling of undefined as it exceeds the max of 500KB.

Not using inline module scripts or import * syntax.

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