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What is a VM/virtual machine?

A virtual machine (VM) is a virtual environment that functions as a virtual computer system with its own CPU, memory, network interface, and storage, created on a physical hardware system (located off- or on-premises). Software called a hypervisor separates the machine’s resources from the hardware and provisions them appropriately so they can be used by the VM.

Source: https://www.redhat.com/en/topics/virtualization/what-is-a-virtual-machine

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