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1) Generate Config file using command:
jupyter notebook --generate-config
2) Open jupyter_notebook_config.py file situated inside 'jupyter'
folder and edit the following property:
NotebookApp.max_buffer_size = your desired value
Remember to remove the '#' before the property value.
3) Save and run the jupyter notebook. It should now utilize the set memory
value. Also, don't forget to run the notebook from inside the jupyter folder.