We've just released two versions of Android Studio:
You can update from 1.3.1 to 1.3.2 by updating from within the IDE; if you are on the Stable channel you have to switch to the Beta channel first. You can also download the build directly from the Android Studio 1.3.2 page.
You can also update to 1.4 Preview 3 by switching to the Canary channel. Note that if you are on 1.3.1, you may not want to do that; patch-updating to this new version will replace your existing stable installation with a preview version. Instead, you can download a separate installation of 1.4 from the Android Studio 1.4 Preview 3 page. You can keep 1.3.2 and 1.4 Preview 3 installed side by side; they use separate settings and cache directories.
If you run into problems, be sure to check the Known Issues page which we'll update as necessary.
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