Solution:
Open 'Activity Monitor' (Use spotlight or launchpad).
Search 'coreaudiod' and double click it.
Quit the 'coreaudiod'.
It will work.
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Using Xcode 14.3 official release I was able to run under Rosetta. Open Xcode 14.3 -> Product -> Destination -> Destination Architectures -> Show Both -> Run simulator with Rosetta