KVM kernel module error

I just installed qemu and ran

qemu-system-i386 -hda ubuntu32 -cdrom ~/Downloads/ubuntu-12.04-desktop-i386.iso -m 1024 -boot d

and got some errors

Could not access KVM kernel module: No such file or directory
failed to initialize KVM: No such file or directory
Back to tcg accelerator.

Anyone know why this happens?


I am by no means an expert, however from what I know this could happen because either:

a) Your CPU does not support hardware virtualization

b) CPU does support virtualization, but you have not enabled it in BIOS.