You have a Microsoft Power Bl project that contains a semantic model.

When using Power BI Project (.pbip) with Git integration:

The .pbip project separates model metadata (schema, measures, relationships, etc.) from actual data values.

The localSettings.json file stores machine-specific and environment-specific settings, including data source credentials and local configurations. These should not be checked into version control to avoid exposing sensitive information or environment-specific configs.

Other options:

unappliedChanges.json → tracks unsaved changes, not data values.

model.bim → defines the semantic model schema (measures, relationships, metadata) and must be included in version control.

cache.abf → stores Analysis Services cache data, not part of source control.

Therefore, the correct file to exclude is localSettings.json.