I'm having similar issues with XCode 15 beta 5 and CPU usage while running simulators. For me, diagnosticd is the prime culprit, every time a simulator (preview) updates, or I open a new one. It does tend to quiet down after a while, but it pegs my CPU pretty badly for a good minute or two.
I'm on a 2018 13 inch Macbook Pro, 2.7 GHz Quad-Core Intel Core i7. Running an iPhone 14 (iOS17) simulator.
I've uninstalled other versions of XCode, and uninstalled and reinstalled XCode 15 beta 5.
Console doesn't give me any clear picture. Probably unrelated, but I do see a number of consecutive crashes for "AegirPoster" (identifier "com.apple.NanoUniverse.AegirProxyApp.AegirPoster") with responsible process "SimulatorTrampoline".
Posting in case others have similar symptoms.