I needed to create a Laravel project using the laravel cli command and run into this problem: (continue reading to see solution)

To check my current version:

$ laravel --version:

Laravel Installer 3.0.1

To update/upgrade:

$ composer global update

Changed current directory to C:/Users/15t/AppData/Roaming/Composer
Loading composer repositories with package information
Updating dependencies
Your requirements could not be resolved to an installable set of packages.

  Problem 1
    - laravel/installer[v3.0.0, ..., v3.0.1] require php ^7.2 -> your php version (8.1.12) does not satisfy that requirement.
    - laravel/installer[v3.1.0, ..., v3.2.0] require php ^7.2.9 -> your php version (8.1.12) does not satisfy that requirement.
    - Root composer.json requires laravel/installer ^3.0 -> satisfiable by laravel/installer[v3.0.0, v3.0.1, v3.1.0, v3.2.0].

 To update/upgrade Laravel Installer just simple run this command:

$ composer global require laravel/installer -W

To check my current version:

$ laravel --version

Laravel Installer 4.2.17