Install Deep Learning Libraries on Apple MacBook M1 Pro

How to install Tensorflow and Jupyter-Notebook on latest MacBook M1 Pro?

I was excited to setup my new MacBook M1 Pro to do machine/deep learning with Tensorflow (Keras), Scikit-learn, and Pandas. Below I share the steps that worked for me to install the required libraries on my Macbook, which has the latest M1 Pro chip with 10 CPU cores and 16 GPU cores.