There is no cargo update command that you can use to update the version of cargo build and package manager for Rust language. One way to update cargo is by updating Rust itself.
Example:
rustup self update
Next, you can run the rustup update to update the toolchain which includes cargo.
rustup update
If the cargo was updated, you can check its version using cargo --version command.
cargo --version
cargo 1.71.0 (cfd3bbd8f 2023-06-08)

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