diff --git a/package.json b/package.json
index c1fcd28927..414114d29e 100644
--- a/package.json
+++ b/package.json
@@ -65,8 +65,8 @@
     "eslint-plugin-react-internal": "link:./scripts/eslint-rules",
     "fbjs-scripts": "^3.0.1",
     "filesize": "^6.0.1",
-    "flow-bin": "^0.202.0",
-    "flow-remove-types": "^2.202.0",
+    "flow-bin": "^0.205.1",
+    "flow-remove-types": "^2.205.1",
     "glob": "^7.1.6",
     "glob-stream": "^6.1.0",
     "google-closure-compiler": "^20230206.0.0",
diff --git a/packages/react-client/src/ReactFlightReplyClient.js b/packages/react-client/src/ReactFlightReplyClient.js
index 623a28760d..d1f1362089 100644
--- a/packages/react-client/src/ReactFlightReplyClient.js
+++ b/packages/react-client/src/ReactFlightReplyClient.js
@@ -291,7 +291,6 @@ export function processReply(
         // Possibly a Date, whose toJSON automatically calls toISOString
         // $FlowFixMe[incompatible-use]
         const originalValue = parent[key];
-        // $FlowFixMe[method-unbinding]
         if (originalValue instanceof Date) {
           return serializeDateFromDateJSON(value);
         }
diff --git a/packages/react-devtools-core/src/standalone.js b/packages/react-devtools-core/src/standalone.js
index bf5f9cf0ba..513bd94368 100644
--- a/packages/react-devtools-core/src/standalone.js
+++ b/packages/react-devtools-core/src/standalone.js
@@ -167,7 +167,6 @@ function onDisconnected() {
   disconnectedCallback();
 }
 
-// $FlowFixMe[missing-local-annot]
 function onError({code, message}: $FlowFixMe) {
   safeUnmount();
 
diff --git a/packages/react-devtools-extensions/flow-typed/jest.js b/packages/react-devtools-extensions/flow-typed/jest.js
index 5ed9124279..066655593a 100644
--- a/packages/react-devtools-extensions/flow-typed/jest.js
+++ b/packages/react-devtools-extensions/flow-typed/jest.js
@@ -11,7 +11,7 @@
 
 /* eslint-disable no-unused-vars */
 
-type JestMockFn<TArguments: $ReadOnlyArray<*>, TReturn> = {
+type JestMockFn<TArguments: $ReadOnlyArray<any>, TReturn> = {
   (...args: TArguments): TReturn,
   /**
    * An object for introspecting mock calls
@@ -626,7 +626,7 @@ interface JestExpectType {
    * Use .toBeInstanceOf(Class) to check that an object is an instance of a
    * class.
    */
-  toBeInstanceOf(cls: Class<*>): void;
+  toBeInstanceOf(cls: Class<any>): void;
   /**
    * .toBeNull() is the same as .toBe(null) but the error messages are a bit
    * nicer.
@@ -815,7 +815,7 @@ type JestObjectType = {
    * Returns a new, unused mock function. Optionally takes a mock
    * implementation.
    */
-  fn<TArguments: $ReadOnlyArray<*>, TReturn>(
+  fn<TArguments: $ReadOnlyArray<any>, TReturn>(
     implementation?: (...args: TArguments) => TReturn
   ): JestMockFn<TArguments, TReturn>,
   /**
diff --git a/packages/react-devtools-extensions/src/backendManager.js b/packages/react-devtools-extensions/src/backendManager.js
index e5728ffd0f..13b3eedde7 100644
--- a/packages/react-devtools-extensions/src/backendManager.js
+++ b/packages/react-devtools-extensions/src/backendManager.js
@@ -16,7 +16,6 @@ import {COMPACT_VERSION_NAME} from './utils';
 
 let welcomeHasInitialized = false;
 
-// $FlowFixMe[missing-local-annot]
 function welcome(event: $FlowFixMe) {
   if (
     event.source !== window ||
diff --git a/packages/react-devtools-shared/src/backend/legacy/renderer.js b/packages/react-devtools-shared/src/backend/legacy/renderer.js
index e7ef06c506..7790aec0e6 100644
--- a/packages/react-devtools-shared/src/backend/legacy/renderer.js
+++ b/packages/react-devtools-shared/src/backend/legacy/renderer.js
@@ -244,7 +244,6 @@ export function attach(
           parentIDStack.pop();
           return result;
         } catch (err) {
-          // $FlowFixMe[incompatible-type] found when upgrading Flow
           parentIDStack = [];
           throw err;
         } finally {
@@ -281,7 +280,6 @@ export function attach(
           parentIDStack.pop();
           return result;
         } catch (err) {
-          // $FlowFixMe[incompatible-type] found when upgrading Flow
           parentIDStack = [];
           throw err;
         } finally {
@@ -318,7 +316,6 @@ export function attach(
           parentIDStack.pop();
           return result;
         } catch (err) {
-          // $FlowFixMe[incompatible-type] found when upgrading Flow
           parentIDStack = [];
           throw err;
         } finally {
@@ -350,7 +347,6 @@ export function attach(
 
           return result;
         } catch (err) {
-          // $FlowFixMe[incompatible-type] found when upgrading Flow
           parentIDStack = [];
           throw err;
         } finally {
diff --git a/packages/react-devtools-shared/src/backend/profilingHooks.js b/packages/react-devtools-shared/src/backend/profilingHooks.js
index 585ed5753d..17e6181abe 100644
--- a/packages/react-devtools-shared/src/backend/profilingHooks.js
+++ b/packages/react-devtools-shared/src/backend/profilingHooks.js
@@ -54,7 +54,10 @@ let supportsUserTiming =
 let supportsUserTimingV3 = false;
 if (supportsUserTiming) {
   const CHECK_V3_MARK = '__v3';
-  const markOptions = ({}: {startTime?: number});
+  const markOptions: {
+    detail?: mixed,
+    startTime?: number,
+  } = {};
   Object.defineProperty(markOptions, 'startTime', {
     get: function () {
       supportsUserTimingV3 = true;
@@ -64,7 +67,6 @@ if (supportsUserTiming) {
   });
 
   try {
-    // $FlowFixMe[extra-arg]: Flow expects the User Timing level 2 API.
     performance.mark(CHECK_V3_MARK, markOptions);
   } catch (error) {
     // Ignore
diff --git a/packages/react-devtools-shared/src/devtools/views/Components/OwnersListContext.js b/packages/react-devtools-shared/src/devtools/views/Components/OwnersListContext.js
index 5359032174..04c90a1d81 100644
--- a/packages/react-devtools-shared/src/devtools/views/Components/OwnersListContext.js
+++ b/packages/react-devtools-shared/src/devtools/views/Components/OwnersListContext.js
@@ -45,7 +45,6 @@ const resource: Resource<
   (element: Element) => {
     const request = inProgressRequests.get(element);
     if (request != null) {
-      // $FlowFixMe[incompatible-call] found when upgrading Flow
       return request.promise;
     }
 
diff --git a/packages/react-dom-bindings/src/events/DOMPluginEventSystem.js b/packages/react-dom-bindings/src/events/DOMPluginEventSystem.js
index f92da785a6..d1a6143dda 100644
--- a/packages/react-dom-bindings/src/events/DOMPluginEventSystem.js
+++ b/packages/react-dom-bindings/src/events/DOMPluginEventSystem.js
@@ -472,7 +472,6 @@ function addTrappedEventListener(
   if (enableLegacyFBSupport && isDeferredListenerForLegacyFBSupport) {
     const originalListener = listener;
     // $FlowFixMe[missing-this-annot]
-    // $FlowFixMe[definition-cycle]
     listener = function (...p) {
       removeEventListener(
         targetContainer,
diff --git a/packages/react-dom-bindings/src/server/ReactDOMServerExternalRuntime.js b/packages/react-dom-bindings/src/server/ReactDOMServerExternalRuntime.js
index 045412b074..bd6ce50116 100644
--- a/packages/react-dom-bindings/src/server/ReactDOMServerExternalRuntime.js
+++ b/packages/react-dom-bindings/src/server/ReactDOMServerExternalRuntime.js
@@ -46,7 +46,6 @@ if (document.body != null) {
     }
   });
   // documentElement must already exist at this point
-  // $FlowFixMe[incompatible-call]
   domBodyObserver.observe(document.documentElement, {childList: true});
 }
 
diff --git a/packages/react-native-renderer/src/ReactFiberConfigFabric.js b/packages/react-native-renderer/src/ReactFiberConfigFabric.js
index 31c293728d..63fa52acba 100644
--- a/packages/react-native-renderer/src/ReactFiberConfigFabric.js
+++ b/packages/react-native-renderer/src/ReactFiberConfigFabric.js
@@ -13,6 +13,7 @@ import {dispatchEvent} from './ReactFabricEventEmitter';
 import {
   DefaultEventPriority,
   DiscreteEventPriority,
+  type EventPriority,
 } from 'react-reconciler/src/ReactEventPriorities';
 import {HostText} from 'react-reconciler/src/ReactWorkTags';
 
@@ -317,7 +318,7 @@ export function shouldSetTextContent(type: string, props: Props): boolean {
   return false;
 }
 
-export function getCurrentEventPriority(): * {
+export function getCurrentEventPriority(): EventPriority {
   const currentEventPriority = fabricGetCurrentEventPriority
     ? fabricGetCurrentEventPriority()
     : null;
diff --git a/packages/react-native-renderer/src/ReactFiberConfigNative.js b/packages/react-native-renderer/src/ReactFiberConfigNative.js
index e88e7e370f..63133c6a19 100644
--- a/packages/react-native-renderer/src/ReactFiberConfigNative.js
+++ b/packages/react-native-renderer/src/ReactFiberConfigNative.js
@@ -24,7 +24,10 @@ import {
 } from './ReactNativeComponentTree';
 import ReactNativeFiberHostComponent from './ReactNativeFiberHostComponent';
 
-import {DefaultEventPriority} from 'react-reconciler/src/ReactEventPriorities';
+import {
+  DefaultEventPriority,
+  type EventPriority,
+} from 'react-reconciler/src/ReactEventPriorities';
 
 const {get: getViewConfigForType} = ReactNativeViewConfigRegistry;
 
@@ -217,9 +220,10 @@ export function getChildHostContext(
   }
 }
 
-export function getPublicInstance(instance: Instance): * {
+export function getPublicInstance(instance: Instance): PublicInstance {
   // $FlowExpectedError[prop-missing] For compatibility with Fabric
   if (instance.canonical != null && instance.canonical.publicInstance != null) {
+    // $FlowFixMe[incompatible-return]
     return instance.canonical.publicInstance;
   }
 
@@ -262,7 +266,7 @@ export function shouldSetTextContent(type: string, props: Props): boolean {
   return false;
 }
 
-export function getCurrentEventPriority(): * {
+export function getCurrentEventPriority(): EventPriority {
   return DefaultEventPriority;
 }
 
diff --git a/packages/react-refresh/src/ReactFreshRuntime.js b/packages/react-refresh/src/ReactFreshRuntime.js
index 83650e1bad..48eb2a6601 100644
--- a/packages/react-refresh/src/ReactFreshRuntime.js
+++ b/packages/react-refresh/src/ReactFreshRuntime.js
@@ -657,7 +657,6 @@ export function createSignatureFunctionForTransform(): <T>(
         // in HOC chains like _s(hoc1(_s(hoc2(_s(actualFunction))))).
         if (!savedType) {
           // We're in the innermost call, so this is the actual type.
-          // $FlowFixMe[escaped-generic] discovered when updating Flow
           savedType = type;
           hasCustomHooks = typeof getCustomHooks === 'function';
         }
diff --git a/packages/react-server-dom-webpack/src/ReactFlightWebpackNodeRegister.js b/packages/react-server-dom-webpack/src/ReactFlightWebpackNodeRegister.js
index 3b4dec28ac..7040fdfeaf 100644
--- a/packages/react-server-dom-webpack/src/ReactFlightWebpackNodeRegister.js
+++ b/packages/react-server-dom-webpack/src/ReactFlightWebpackNodeRegister.js
@@ -270,7 +270,6 @@ module.exports = function register() {
         $$id: {value: moduleId},
         $$async: {value: false},
       });
-      // $FlowFixMe[incompatible-call] found when upgrading Flow
       this.exports = new Proxy(clientReference, proxyHandlers);
     }
 
diff --git a/packages/react-server/src/ReactFlightServer.js b/packages/react-server/src/ReactFlightServer.js
index a4048e9924..e2931752de 100644
--- a/packages/react-server/src/ReactFlightServer.js
+++ b/packages/react-server/src/ReactFlightServer.js
@@ -946,7 +946,6 @@ export function resolveModelToJSON(
       // Possibly a Date, whose toJSON automatically calls toISOString
       // $FlowFixMe[incompatible-use]
       const originalValue = parent[key];
-      // $FlowFixMe[method-unbinding]
       if (originalValue instanceof Date) {
         return serializeDateFromDateJSON(value);
       }
diff --git a/packages/react-test-renderer/src/ReactFiberConfigTestHost.js b/packages/react-test-renderer/src/ReactFiberConfigTestHost.js
index 9f7c2eff39..2fb448d63c 100644
--- a/packages/react-test-renderer/src/ReactFiberConfigTestHost.js
+++ b/packages/react-test-renderer/src/ReactFiberConfigTestHost.js
@@ -8,7 +8,10 @@
  */
 
 import isArray from 'shared/isArray';
-import {DefaultEventPriority} from 'react-reconciler/src/ReactEventPriorities';
+import {
+  DefaultEventPriority,
+  type EventPriority,
+} from 'react-reconciler/src/ReactEventPriorities';
 
 export type Type = string;
 export type Props = Object;
@@ -211,7 +214,7 @@ export function createTextInstance(
   };
 }
 
-export function getCurrentEventPriority(): * {
+export function getCurrentEventPriority(): EventPriority {
   return DefaultEventPriority;
 }
 export function shouldAttemptEagerTransition(): boolean {
diff --git a/packages/react/src/ReactHooks.js b/packages/react/src/ReactHooks.js
index 81fa626b5a..62d41bc0bb 100644
--- a/packages/react/src/ReactHooks.js
+++ b/packages/react/src/ReactHooks.js
@@ -224,7 +224,6 @@ export function useCacheRefresh(): <T>(?() => T, ?T) => void {
 
 export function use<T>(usable: Usable<T>): T {
   const dispatcher = resolveDispatcher();
-  // $FlowFixMe[not-a-function] This is unstable, thus optional
   return dispatcher.use(usable);
 }
 
diff --git a/packages/shared/ReactSerializationErrors.js b/packages/shared/ReactSerializationErrors.js
index e7ccc3638a..a487500779 100644
--- a/packages/shared/ReactSerializationErrors.js
+++ b/packages/shared/ReactSerializationErrors.js
@@ -164,7 +164,6 @@ export function describeObjectForErrorMessage(
         if (typeof value === 'string') {
           substr = value;
         } else if (typeof value === 'object' && value !== null) {
-          // $FlowFixMe[incompatible-call] found when upgrading Flow
           substr = '{' + describeObjectForErrorMessage(value) + '}';
         } else {
           substr = '{' + describeValueForErrorMessage(value) + '}';
@@ -191,7 +190,6 @@ export function describeObjectForErrorMessage(
         const value = array[i];
         let substr;
         if (typeof value === 'object' && value !== null) {
-          // $FlowFixMe[incompatible-call] found when upgrading Flow
           substr = describeObjectForErrorMessage(value);
         } else {
           substr = describeValueForErrorMessage(value);
@@ -228,7 +226,6 @@ export function describeObjectForErrorMessage(
           typeof value === 'object' &&
           value !== null
         ) {
-          // $FlowFixMe[incompatible-call] found when upgrading Flow
           substr = describeObjectForErrorMessage(value);
         } else {
           substr = describeValueForErrorMessage(value);
@@ -261,7 +258,6 @@ export function describeObjectForErrorMessage(
         const value = object[name];
         let substr;
         if (typeof value === 'object' && value !== null) {
-          // $FlowFixMe[incompatible-call] found when upgrading Flow
           substr = describeObjectForErrorMessage(value);
         } else {
           substr = describeValueForErrorMessage(value);
diff --git a/packages/shared/shallowEqual.js b/packages/shared/shallowEqual.js
index 554e4f6435..7c73b88c05 100644
--- a/packages/shared/shallowEqual.js
+++ b/packages/shared/shallowEqual.js
@@ -41,6 +41,7 @@ function shallowEqual(objA: mixed, objB: mixed): boolean {
     const currentKey = keysA[i];
     if (
       !hasOwnProperty.call(objB, currentKey) ||
+      // $FlowFixMe[incompatible-use] lost refinement of `objB`
       !is(objA[currentKey], objB[currentKey])
     ) {
       return false;
diff --git a/scripts/flow/config/flowconfig b/scripts/flow/config/flowconfig
index caa353542b..c3959a9ec4 100644
--- a/scripts/flow/config/flowconfig
+++ b/scripts/flow/config/flowconfig
@@ -32,10 +32,9 @@ untyped-type-import=error
 [options]
 %CI_MAX_WORKERS%
 munge_underscores=false
-inference_mode=lti
 
 # Substituted by createFlowConfig.js:
 %REACT_RENDERER_FLOW_OPTIONS%
 
 [version]
-^0.202.0
+^0.205.1
diff --git a/yarn.lock b/yarn.lock
index 8931e7c706..5a8df0ab2c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -8050,22 +8050,22 @@ flatted@^3.1.0:
   resolved "https://registry.yarnpkg.com/flatted/-/flatted-3.2.7.tgz#609f39207cb614b89d0765b477cb2d437fbf9787"
   integrity sha512-5nqDSxl8nn5BSNxyR3n4I6eDmbolI6WT+QqR547RwxQapgjQBmtktdP+HTBb/a/zLsbzERTONyUB5pefh5TtjQ==
 
-flow-bin@^0.202.0:
-  version "0.202.0"
-  resolved "https://registry.yarnpkg.com/flow-bin/-/flow-bin-0.202.0.tgz#1e2eb221252c2ab55c997e5eb921902f3181cc4e"
-  integrity sha512-Yz+yNapJMWWV6Z6pZnBR+naMhFbFJbmMS8ZBQCFUHRqN1TTw7uwitYxRj8DyzLyTpcPReSAjWbWawWPsXJot3w==
+flow-bin@^0.205.1:
+  version "0.205.1"
+  resolved "https://registry.yarnpkg.com/flow-bin/-/flow-bin-0.205.1.tgz#5faf24e60df8d36f4deafef20e44863c5b295315"
+  integrity sha512-pGQ/ZFr9hnbhRmc+K3K1Ui9BwDivlesNEd2mZbm5pCnxEUvbbj9nXHlTD4s4qO0k+LBKYLMZzQwBVYyRUE380g==
 
-flow-parser@^0.202.0:
-  version "0.202.0"
-  resolved "https://registry.yarnpkg.com/flow-parser/-/flow-parser-0.202.0.tgz#534178266d3ceec5368415e59990db97eece5bd0"
-  integrity sha512-ZiXxSIXK3zPmY3zrzCofFonM2T+/3Jz5QZKJyPVtUERQEJUnYkXBQ+0H3FzyqiyJs+VXqb/UNU6/K6sziVYdxw==
+flow-parser@^0.205.1:
+  version "0.205.1"
+  resolved "https://registry.yarnpkg.com/flow-parser/-/flow-parser-0.205.1.tgz#337464aaf027b00b2514610386cf21a5f7c94137"
+  integrity sha512-+RF/e1Et6ZX2I/UG7SGAz3Z8+ulj9xKYLu5AD7Wi8H2llzncU8ZpdKfLR50pPvj4g2a/FbZWkXYL7qHc+zXJNA==
 
-flow-remove-types@^2.202.0:
-  version "2.202.0"
-  resolved "https://registry.yarnpkg.com/flow-remove-types/-/flow-remove-types-2.202.0.tgz#0718ce34169148b5e61d25658f531e4236d00a62"
-  integrity sha512-G6shwCpTpZWSU0HtRLmE+S6zyD1otzKXo5D0jZ92OpfNHgSYIohfUSM+njYK8d2O841AIhq8H0mMYWgc/j5ySw==
+flow-remove-types@^2.205.1:
+  version "2.205.1"
+  resolved "https://registry.yarnpkg.com/flow-remove-types/-/flow-remove-types-2.205.1.tgz#76ff3ab6386e6bb9eb7eb170ce7688931a9b7e5e"
+  integrity sha512-HExM8nCVx9dpNAAe7zKH45Ii+FL6ufoQAGntMdvfCtYjhTVSkaO3MfHp/r0D8qNeAwcvGBfw7+GqQtgXm/zr2g==
   dependencies:
-    flow-parser "^0.202.0"
+    flow-parser "^0.205.1"
     pirates "^3.0.2"
     vlq "^0.2.1"