When I try to create a virtual machine for either Ubuntu 22.04.2 or 22.10 from the ISO image using Parallels 17.1.6 on a MacBook Air (2020, Intel, 16GB) running macOS Big Sur (11.7.3), the installation fails 100% reproducibly reporting "the installer encountered an unrecoverable error".
Steps to reproduce (these are the steps for 22.10; the exact same problem occurs for 22.04.2):
Download the ISO from https://ubuntu.com/download/desktop
In the Parallels control center, click on + to create a new virtual machine

- In the installation assistant, click on "install ... another OS from a DVD or image file"

- Select the downloaded ISO image

- Enter the user information

- Accept the defaults for name and location:

- Click OK when the popup reports that unattended installation is not possible:

- Select "try or install Ubuntu" in the GRUB menu

- Wait for Ubuntu to boot

at a certain point the screen goes upside down (it goes back to normal in the next step)

- In the installer, select install Ubuntu

- Accept the default English keyboard:

- Accept the installation defaults:

- Accept the installation type defaults:

- Accept the partions:

- Select the location:

- Enter user information

- Error message "the installer encountered an unrecoverable error..." appears:

Click OK to continue
Ubuntu reboots

- The Ubuntu desktop appears. After a minute or so a popup appears: "System program problem detected"

- Click report problem, and then show details. There is a crash in ubiquity:

ubiquity crashed with SIGILL in pas_segregated_page_construct
- The top of the stack trace is as follows:

Things that I already tried:
Ubuntu 22.04.2 => installer crashes
Ubuntu 22.10 => installer crashes
Ubuntu 20.04 using the "free systems" option in the installer (not an ISO image) => does NOT crash
22.04 or 22.10 with 4GB of memory instead of the default 2GB => still crashes
22.04 or 22.10 with 8GB of memory instead of the default 2GB => still crashes (in a slightly different way; at step 18 the system automatically reboots instead of waiting for the OK button)
Setting the hypervisor to "Parallels" instead of the default "Apple" => still crashes