How to Setup Conda Environments and Add Kernels for Jupyter Notebook?

You want to experiment and create deep neural networks with PyTorch, TensorFlow 2.3, and TensorFlow 2.4. What will be an excellent way to create separate environments that will help better collaborate with other team members, manage dependencies, and isolate the different project environments?

The simplest way is to create and manage Conda environments and then add the Kernels to Jupyter notebook to access these environments.