Hello!
The issue related to the inability to install/run Linux virtual machines on Apple silicon Macs with M4 chips has been addressed in Parallels Desktop 20.1.3. Please install this version to resolve the issue.
Great!
it works for me with ubuntu22/arm64 with 8 vCPUs on M4 max.
It also seem to run multi-cpu builds faster inside Parallels than in VMware Fusion or docker.app on same cpu/ram settings.
Well done Parallels!