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Received this reply from Parallels Support and it worked for me: Hello! I've just received an update from developers. Kindly perform the same...
Worked for me by setting VM memory to 4,096 (was 3GB) and stopped sharing Mac folders as suggested by ErikR4
Technical Report ID 367718188
Similar issue here with Mac mini M1 and LG UltraFine 5K display (with camera and speakers) connected via ThunderBolt: unable to connect "Virtual...
Download Belarc Advisor and it will show you your product keys
Just sharing with the community... I have been happily using Parallels Desktop for Mac for several years (starting with PD6) to run Windows...
Problem report ID 6662671