Android Studio is the official IDE for Android development, and it includes everything you need to build your Android apps.

By focusing a whole release cycle on updating to the latest Android studio version, we’re able to get those changes into the Stable channel faster than with the previous release process from the official android release note https://developer.android.com/studio/releases 

Right now latest android studio preview version is Android Studio Koala | 2024.1.2 Canary 7

This doc lists new features and improvements in the latest android version in the stable channel, Android Studio Koala. You can download it here or update from  Android Studio IDE by clicking Help > Check for updates and on mac os Android Studio > Check for updates.

 The latest Android-specific features ship with higher quality and polish.

There are multiple new feature with latest android studio:

Android Studio Latest Feature

1. Jetpack Compose: Android's modern UI toolkit for building native UIs now integrates  with Android Studio. This allows for faster UI development with Kotlin-based declarative syntax.

2. Motion Editor: Improved tools for creating and previewing complex motion layouts, making it easier to design and visualize animations within your app.

3. Performance Profiler: Enhanced tools for analyzing your app's CPU,     memory, and network usage. This helps developers optimize their applications for better performance and responsiveness.      

4. Live Templates: Android Studio includes many built-in live templates to speed up coding, such as generating boilerplate code for common tasks like RecyclerView adapters, Fragment creation, and more.

5. Version Control Integration: Improved Git integration and tools for managing version control directly within the IDE.

6. Instant Run Replacement: Android Gradle plugin now uses Apply Changes instead of Instant Run for faster incremental builds and deployments.

7. Layout Editor Enhancements: Continuous improvements to the layout editor, including better drag-and-drop support, improved constraint layout editing, and a more intuitive interface.

8. Build Speed Improvements: Gradle performance enhancements aimed at reducing build times for larger projects.

9. Full line code completion  :  This full line code completion enhances coding efficiency by predicting and suggesting entire lines of code based on contextual analysis.

10.  AI Assistance: In the latest android studio,  AI Assistant has been unbundled and is now available as a separate plugin. This change is driven by the need to offer greater flexibility in decision-making regarding the use of AI-powered technologies, providing you with more control over your preferences and requirements in your working environments.

11.  K2 Kotlin mode Alpha: IntelliJ IDEA  introduces the Kotlin K2 mode for boosting the stability of code analysis, resulting in the enhanced quality and reliability of IDE features, as well as improved overall application performance.

For the latest updates and detailed release notes, it's recommended to visit the official Android Studio release notes directly from Google. These updates reflect ongoing efforts to enhance developer productivity and improve the overall Android app development experience.

Happy Coding !