The new OLED iPad Pro is expected to launch in early 2024. The main change for this device is the new display, which rumors expect Apple to ditch miniLED and LCD options for a new OLED panel.
That display is only found in the 12.9 ... which would explain why the new iPad Pro is 0.5mm thicker than the old model, it's most likely a testament to the Mini-LED back lighting's energy efficiency.