We see the same top level message with XCode 14.3.x (14.2 works fine) but the underlying detail error is different for us...
Failed to merge raw.... (text omitted)
.... .profraw: raw profile version mismatch: Profile uses raw profile format version = 5; expected version = 8
PLEASE update this tool to version in the raw profile, or regenerate raw profile with expected version.
error: no profile can be merged
PMenon
Users receive reputation points by contributing quality content to the forums.
Posts include post and replies published on the forums.
Post authors can mark replies as Accepted to indicate successful solutions.
Apple Developer Forums admins can mark replies as Apple Recommended to indicate an approved solution