Before running make update I ran make to see if it compiles at all.
To my surprise it did and when I opened blender.exe Blender seemed to work fine as far as I could tell.
After that I ran make update again and it said:
No explicit msvc version requested, autodetecting version.
** Visual Studio 2022 Developer Command Prompt v17.3.4 ** Copyright (c) 2022 Microsoft Corporation
[vcvarsall.bat] Environment initialized for: ‘x64’ Compiler Detection successful, detected VS2022
Updating Precompiled Libraries and Tests
And proceeds to download some files that where not downloaded the first time I ran make update.
After that I ran make and Blender compilers succesfully.
I presume that the files that were missed the first time I ran make update aren’t crucial to Blender?