Why does loading tensorflow on Mac lead to “Process finished with exit code 132 (interrupted by signal 4: SIGILL)”?

Question

I am using a MacBook Pro with M1 processor, macOS version 11.0.1, Python 3.8 in PyCharm, Tensorflow version 2.4.0rc4 (also tried 2.3.0, 2.3.1, 2.4.0rc0). I am trying to run