Review Visual Studio goes back a long way. Microsoft always had its own programming languages and tools, beginning with Microsoft Basic in 1975 and Microsoft C 1.0 in 1983.
The Visual Studio idea came from two main sources. In the early days, Windows applications were coded and compiled using MS-DOS, and there was a MS-DOS IDE called Programmer's Workbench (PWB, first released 1989). The company also came up Visual Basic (VB, first released 1991), which unlike Microsoft C++ had a Windows IDE. Perhaps inspired by VB, Microsoft delivered Visual C++ 1.0 in 1993, replacing the little-used PWB. Visual Studio itself was introduced in 1997, though it was more of a bundle of different Windows development tools initially. The first Visual Studio to integrate C++ and Visual Basic (in .NET guise) development into the same IDE was Visual Studio .NET in 2002, 20 years ago, and this perhaps is the true ancestor of today's IDE.
A big change in VS 2022, released November, is that it is the first version where the IDE itself runs as a 64-bit process. The advantage is that it has access to more than 4GB memory in the devenv process, this being the shell of the IDE, though of course it is still possible to compile 32-bit applications. The main benefit is for large solutions comprising hundreds of projects. Although a substantial change, it is transparent to developers and from what we can tell, has been a beneficial change.