Faced the same issue. The problem was that I was running my macOS system in English (UK), but my Siri language was set to German, so the Apple Intelligence system wasn't activated because there are currently no AI models for Siri in German. Once I switched Siri to English (UK), the macOS AI system could be downloaded and installed. Then the AI module in Xcode started to work.
Topic:
Developer Tools & Services
SubTopic:
Xcode