The Timeline chart in Looker Studio is a new chart type introduced in the latest release on April 25, 2024. It allows users to visualize data in a timeline format, which can be particularly useful for showing events or milestones over a period of time.

The process to create a Google Cloud project has been streamlined while subscribing to Looker Studio Pro. This means that it is now easier and more straightforward for users to set up a Google Cloud project as part of their subscription to Looker Studio Pro, although the specific steps in this new process were not detailed in the text.

The feature to create Looker Studio reports from Google Sheets is currently being rolled out. The full availability is expected to be completed soon, but the exact date is not specified in the text provided.