Docker - Incompatible CPU detected - M1/M2 Mac (macOS Sonoma)

I recently ran into the below error when trying to run the Docker Application on my M1 Mac running on macOS Sonoma version 14.0.

Incompatible CPU detected

Error: required compatibility check: Incompatible CPU detected

We are sorry, but your hardware is incompatible with Docker Desktop.

Docker requires a processor with virtualization capabilities and hypervisor support.

To learn more about this issue see:
https://docs.docker.com/desktop/mac/troubleshoot/ #incompatible-cpu-detected

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Incompatible CPU detected - M1 M2 Mac macOS
Fix:

I was able to resolve this issue by downloading the correct installation (Apple Chip supported by M1/M2 ARM Silicon) and the latest version of Docker from https://www.docker.com.

Docker dmg file that worked on m1 m2 mac

You can clearly see the difference in the size of the Docker.dmg files, so I clearly installed the wrong version earlier.

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