n.b. You'll likely need 3D Hardware Acceleration in order to make screen resizing work without making the VM freeze or become unstable; this seemed to be the case Under Virtualbox 7, however enabling 3D acceleration there causes the VM to hard-crash the hypervisor (or at least the VM instance) during boot. I was eventually able to successfully create a usable VM in both UTM and VMWware Fusion.
- Download the latest ARM64 Ubuntu Server installer ISO and use it to install Ubuntu Server with no workloads selected.
sudo apt update
sudo apt -y upgrade