An Azure service that is used to provision Windows and Linux virtual machines.
In short, this aligns with the recommended approach to providing redundancy within a single Azure datacenter that relies on VMSS in flexible orchestration mode (more at https://learn.microsoft.com/en-us/azure/virtual-machine-scale-sets/overview ). So, you might want to consider using VMSS in flexible orchestration mode instead.
However this is purely a change in the UI. It does NOT mean that availability sets are not available or supported. The availability sets remain fully supported in all Azure regions.
You can still access the previous interface by selecting "Click here to access the previous experience." in the notification that appears at the top of the Basic tab when creating a VM in the Azure portal. Just look for the wording:
This is a preview of a new Create-VM experience. Features are limited in this experience and all feedback is appreciated. Click here to access the previous experience.
Obviously you can also create/use availability sets via PowerShell, CLI, REST API, or templates.
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hth
Marcin