Same Issue.
iMac (Retina 5K, 27-inch, 2020)
Monterey v12.5.1
Xcode 14.0 beta 6
tried creating a new simulator. (Nope)
Completely removed Xcode 13.4.1. AND 14.0 beta 6. Including: rm -rf /Developer & ~/Developer
Reinstalled 13.4.1 AND 14.0 beta 6 (Nope)