The update will be a part of version 47.0 and will also come with additional bug fixes and improvements. Google recently updated the app to version 45.0 bringing along a bunch of changes and improvements.
As a part of Google’s latest rebranding efforts to evolve G Suite into Google Workspaces, version 45.0 renamed the Drive File Stream to Google Drive for desktop. Google says that on macOS, the app will now be named Google Drive.app. Note that the Google Drive for desktop application is different from the Backup and Sync app.
There are a number of differences between both apps, the primary difference being that Google Drive for desktop streams files from a user’s drive to their Mac without taking up disk space and is only available for Google Workspace subscribers whereas Backup and Sync allows users to basically store the contents of their Google Drive storage locally on their Mac.
Backup and Sync didn’t initially work on Apple Silicon-based Macs with users unable to sync their data. However, in a recent Big Sur software update, the functionality was somehow restored. Apparently, it’s quite difficult to introduce native M1 support to Google Drive for desktop and Backup and Sync due to their requirement of kernel extensions that cannot be translated via Rosetta 2, which explains why it will take so long for support to arrive.
Furthermore, Apple also announced that it will deprecate kernel extensions due to potential instabilities and security issues.