We have a new entity called Location (Schema.Location), which conflicts with the apex object Location (System.Location)
API version 48.0
insert new Schema.Location(Name = 'California');
Syntax/parse error: Expected type [SObject, List<SObject>]; found [Location, Schema.Location]
Using just new Location() should not and does not work. But Schema.Location should work, does compile in SFDC, but shows the error in IC.