Stuck while installing Ubuntu on Virtualbox: Freeing initrd memory

I have been trying to install Ubuntu 22.04.3 on Virtualbox 7.0 and I am facing the following issue:


So I tried to install Ubuntu 20.04.6 after that and faced the same error (but a different memory size):


Earlier I has installed Ubuntu 20.04 on Virtualbox on my Lenovo ideapad and it worked fine but I am facing the above error while installation on my new Asus TUF laptop. It would be great if anyone can guide me through this.

Attached Images

• Ubuntu 20.04.6 [Running] - Oracle VM VirtualBox 23-08-2023 12_09_16.jpg (104.2 KB)
• WhatsApp Image 2023-08-23 at 12.20.30.jpg (117.0 KB)