React Native related - error trying to start Simulator using 'i' shortcut

Error: xcrun exited with non-zero code: 2

An error was encountered processing the command (domain=NSPOSIXErrorDomain, code=2):

Unable to boot device because we cannot determine the runtime bundle.

No such file or directory

https://stackoverflow.com/questions/69804969/react-native-runtimeerror-aborterror-xcrun-exited-with-non-zero-code-2-on

https://stackoverflow.com/questions/31179706/how-can-i-launch-the-ios-simulator-from-terminal