I have a M4 Mac running macOS26 beta 3 and Xcode 26. I can see the FoundationsModel run in the #Preview {} but when I try to run my code in the iPhoneSimulator, I get a state of: "On-device model isn'r ready yet". I take this to mean that (1) I have the macOS AI enabled, and #Preview is fine, but the iPhone simulator has AI turned on but is not quite ready. I left it overnight, and it is still in this state. Is there anything I can do to get the Simulator working?

I am seeing this same issue on an old M1 MacBook Pro with Apple Intelligence enabled.