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I have a 64-bit Ubuntu 12.04 desktop installed on my system. I am trying to create a virtual machine through virtual machine manager. When I go to step 5 where I try to finish the wizard, it is giving me the following error:

Unable to complete install: 'internal error Process exited while reading console log                         
output: char device redirected to /dev/pts/4
Could not access KVM kernel module: Permission denied
failed to initialize KVM: Permission denied
No accelerator found!

While the details show this info:

> 
> 
> Traceback (most recent call last):   File
> "/usr/share/virt-manager/virtManager/asyncjob.py", line 45, in
> cb_wrapper
>     callback(asyncjob, *args, **kwargs)   File "/usr/share/virt-manager/virtManager/create.py", line 1909, in
> do_install
>     guest.start_install(False, meter=meter)   File "/usr/lib/python2.7/dist-packages/virtinst/Guest.py", line 1236, in
> start_install
>     noboot)   File "/usr/lib/python2.7/dist-packages/virtinst/Guest.py", line 1304, in
> _create_guest
>     dom = self.conn.createLinux(start_xml or final_xml, 0)   File "/usr/lib/python2.7/dist-packages/libvirt.py", line 2166, in
> createLinux
>     if ret is None:raise libvirtError('virDomainCreateLinux() failed', conn=self) libvirtError: internal error Process exited while reading
> console log output: char device redirected to /dev/pts/4 Could not
> access KVM kernel module: Permission denied failed to initialize KVM:
> Permission denied No accelerator found!

Can someone tell me what is the problem and how to fix it?

Thank you.

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