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Excel now includes a new function that allows users to insert images into cells using formulas, supporting standard image file types. Users can reference images in formulas, sort, filter, and perform reverse image lookups. Currently, this feature is only available in the Microsoft 365 beta channel, with possible changes based on user feedback. The image function's syntax requires the URL, which can be referenced from a cell or directly inputted. The URL must use the HTTPS protocol and cannot come from SharePoint or OneDrive; local files are also unsupported. An optional alt text can be included as well.