TL;DR
The Files tab in Teams Chat is to be renamed to Shared and gets upcoming features like image previews and keyword search. Due mid to late July 2024.

Details
The old Files tab displayed one list of files shared in the chat and did not include links.

The new Shared tab will include recent files and shared links. Shortly after rollout, it will offer image previews for links and keyword search for finding content. A later version will include media links (images, videos, GIFs, etc.).

The new Shared > Recent view in Chat:


The new Shared > Links view in Chat:


Availability
Due mid to late July 2024.

Source, related links, and references
MC800850.
365 Roadmap ID 396169.
Images: Microsoft.

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Page originally published
15th June 2024 and kept up to date.


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