UPDATE 2/21:
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Microsoft 365 Insider Beta Channel v2303 build 16216.20004 - Feb. 21
New Microsoft 365 Insider Beta Channel v2303 build 16216.20004 has been released. Release notes will be posted when made available by Microsoft. Source: Release Notes for Beta Channel - Office release notes Update History for Office Beta Channel - Office release notes Office Insiders...

Version 2303 (Build 16206.20000)
Security updates listed here
Feature updates
Excel
- Reducing unwanted fragmenting of conditional formatting rules: Check out the speed up in workbooks with lots of unwanted fragmented conditional formatting rules. When a workbook is opened this feature will merge those fragmented conditional formatting rules that are identical, within a contiguous range of cells, and with unchanged priority ordering. It excludes rules whose evaluation relies on a selection range like Above or Below average, Unique or Duplicate, Gradients, etc. and rules in PivotTables.
- Hyperlinks in Modern Comments: Add hyperlinks to your Modern Comments in Excel Learn more
See details in blog postOutlook
- Enhanced discovery of sensitivity labels on Outlook: Admins can configure sensitivity labels to appear on subject lines when composing mails for enhanced user discovery. The labels icons can also be customized too.
- Inheritance of attachment labels to email messages: For email messages with attachments, apply a label that matches the highest classification of those attachments
- Block emails with sensitive labels: Implement pop-up messages in Outlook that warn, justify, or block emails being sent based on sensitivity labels.
Resolved issues
Excel
- We fixed an issue where the Ribbon options dropdown menu could disappear.
- We fixed an organization check for accounts to enable Power BI.
Outlook
- We fixed an issue in Outlook Calendar when clicking with mouse on a timeslot selects a different timeslot.
PowerPoint
- We fixed an issue where the Ribbon options dropdown menu could disappear.
Project
- When opening an XML file in Project, on a manually scheduled task, the finish date of a task may not be calculated correctly. As a result, the task's start date may be after its finish date.
Word
- We fixed an issue where the Ribbon options dropdown menu could disappear.
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Source:
- Release Notes for Beta Channel - Office release notes
- Update History for Office Beta Channel - Office release notes
- Office Insiders

Latest Office and Microsoft 365 Updates for Windows
https://www.tenforums.com/windows-10-news/217660-office-microsoft-365-support-windows-10-ends-october-14-2025-a.html Latest Office and Microsoft 365 Insider Updates Get the latest Insider build | Office Insider Release Notes for Beta Channel - Office release notes Release Notes Current...

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