Illustrator doesn't load on M1 Mac

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Adobe Illustrator installs, but then gets stuck when opening. The splash screen shows "Initalizing plugins...PDFFormatUI.aip". 

[ZooN_]

https://helpx.adobe.com/au/creative-cloud/kb/cc-cleaner-tool-installation-problems.html

[Monika Gause]

Illustrator is not fully compatible with Apple M1.

You can apply for the beta: https://community.adobe.com/t5/illustrator/illustrator-beta-for-apple-silicon-m1-devices-inviting-us...