The desktop client chat _still_ doesn't have a "reply to message" feature, while the mobile client has had it for, what, more than a year? This is a feature that _should_ cost a competent engineer no more than what, a week? to implement. The team should take a note out of Discord's or Telegram's book to improve the chat experience. It's really very bad.
In the meantime the latest noticeable additions were mostly fluff like extra ways to show webcam stream backgrounds, and a "cinema-like" webcam-view.
It's interesting that the same company can produce both Teams, being pretty bad, and VS Code, being very good.