Previously, when dbt Labs released a new version in dbt Cloud, the older patch prerelease version and the latest version remained as options in the dropdown menu available in the Environment settings. Now, when the latest version is released, the prerelease version will be removed and all customers remaining on it will be migrated seamlessly. There will be no interruptions to service when this migration occurs.
To see which version you are currently using and to upgrade, select Deploy in the top navigation bar and select Environments. Choose the preferred environment and click Settings. Click Edit to make a change to the current dbt version. dbt Labs recommends always using the latest version whenever possible to take advantage of new features and functionality.dbt Cloud versions dropdown