Other features include a new AI feature for turning 2D images into 3D parralax ones for the Windows desktop, a new Super resolution feature that will upscale the quality of videos and games, and a new Live Captions mode that will be able to translate different languages in real time.

Windows 12: New features, AI experiences, expected rollout, and everything we know so far | Windows Central

More info here: Parallax Depth Effects powered by AI are coming to Windows – gHacks Tech News

This story came out in March of 2023, but as of December 2023 and a few Windows updates later, this feature does not show up on my computer.