In an official Windows Insider Blog, Microsoft confirmed that Windows 11 version 24H2 will be this year's annual feature update. It means Windows 12 is not coming this year, as earlier speculated. You will be getting the Windows 11 24H2 update in September or October this year. Additionally, Microsoft says that Windows 11 will follow an annual feature update cadence, which will be released in the second half of the year.
Windows 12 is the next big Windows update that's rumored to arrive some time in 2024. According to some sources and Microsoft themselves, the update should bring changes to the user interface, faster updates, and much more.