See Release v0.118.0 · gohugoio/hugo · GitHub
Note that v0.118.1 is just a technical upgrade, but is the version you want to use (as those binaries will work on Netlify/Vercel etc.).
Edit: Vercel still complained about v0.118.1 so I have pushed a 1.118.2 that reverts to building with the old Go 1.20 build image.