This is what i got from support - FYI
Case: #25908XXX
Subject: google stream drive does not work on the new Mac M1 Chip - when will this be working?
Chat Started: Tue, 17 Nov 2020 16:37:50 +0200
Chat Subject: google stream drive does not work on the new Mac M1 Chip - when will this be working?
Google Workspace Support, Ivan: Thank you for contacting Google Workspace Support. My name is Ivan and I'll be working with you today. While I read over your message, is there anything else you'd like to add?
CFS ADMIN: hi Ivan
Google Workspace Support, Ivan: Hello, how are you today?
CFS ADMIN: Well thank you - i have the new release mac book M1 chip and would like to know if the Google Drive Stream will be available any time soon?
Google Workspace Support, Ivan: Okay
Google Workspace Support, Ivan: Allow me 5 minutes to check up on this
CFS ADMIN: I see in the known issues that ARM-based machines are not supported - this is going get rectified though aye?
Google Workspace Support, Ivan: Correct
Google Workspace Support, Ivan: That is what I am checking now
Google Workspace Support, Ivan: ARM-based machines are still not supported but it is actively being worked on
ADMIN: any time line for this? i am crippled with no access on this machine....
Google Workspace Support, Ivan: I can't assure you with an exact date but I can say that this is a primary goal at the moment
ADMIN: good to know - the install worked fine FYI. It broke for me when trying to sign in. I asked for Security access and for me to allow the Drive software. There was no way to allow?? I am sure you/your team are aware of this.
Google Workspace Support, Ivan: We are and are doing our best to get this sorted out
ADMIN: thank you for confirming that this is being worked on - i will watch this space.
Google Workspace Support, Ivan: Sure I would advise you to
Google Workspace Support, Ivan: Is there anything else I can help with
ADMIN: thanks Ivan.
ADMIN: no all g - thanks
Google Workspace Support, Ivan: Thanks for chatting with Google Workspace Support! There’s a short survey coming up and we’d love to hear your feedback about our interaction today.
However, if you have any further questions, you can easily reopen the case by replying to my email, that you will get with the chat transcript, in the next 30 days. I will receive a notification and I will get back to you. It was a pleasure and have a lovely rest of your day!